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What is meant by signal amplification? Give two examples.
Periodic Review Policies
Inventory management techniques that involve reviewing and adjusting inventory levels at fixed intervals to ensure adequate supply.
Safety Inventory
Extra inventory held as a buffer against uncertainty in demand or supply, to ensure service levels.
Product Availability
The extent to which products are in stock and available to be purchased by consumers.
Order Up To Level
A replenishment strategy used in inventory management where stock is ordered up to a predetermined level whenever the inventory falls below a certain point.
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