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Why is careful operational definition a critical issue in terms of minority groups and disadvantaged populations
Viability of Suppliers
An assessment of a supplier's ability to meet contractual obligations, maintain consistent product or service quality, and sustain operations over time.
Replenishment Lead Time
The time span from when an order is placed until it is received and ready for use or sale, including order preparation, processing, and shipping.
Safety Inventory
Inventory kept as a precaution against supply and demand fluctuations, aiming to prevent stockouts and maintain service levels.
Single Sourcing
The procurement practice of acquiring goods or services from one selected supplier.
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