Examlex
Visual sensory memory is referred to as
Holding Costs
Expenses related to keeping inventory in storage, including warehousing, insurance, and spoilage costs, which are part of the overall inventory carrying costs.
Safety Stock
Additional inventory beyond the expected demand, held to guard against variability in market demand or supply chain disruptions.
ABC Analysis
A method of categorizing inventory into three classes (A, B, and C) based on their importance, with A being the most valuable and C being the least.
Dollar Volume
Refers to the total amount of money exchanged in transactions for a particular commodity within a specific timeframe.
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