Examlex
Which of the following is equivalent to the unit 1 ppm?
Lot Size
The quantity of units produced or ordered in a single production run or order placement.
Cycle Inventory
Cycle inventory refers to the portion of inventory that is consumed and replenished in regular cycles in a supply chain, correlating with order frequency.
Annual Inventory
encompasses the total quantity or value of inventory that a company holds over a year, reflecting both the turnover rate and the efficiency of inventory management.
Distribution Inventory
Stocks of goods and materials held at various points in a supply chain, intended for downstream distribution.
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