Examlex
The transparency of oil paint allows a painter to use a process called glazing in order to add a high degree of ________ to a painting.
Lead Time
The amount of time that passes from the start of a process until its completion, often used in supply chain and project management.
Safety Stock
Additional inventory held to protect against uncertainties in demand or supply, ensuring product availability.
Shortage Per Cycle
The average amount of inventory deficit that occurs during a specific period due to discrepancies between supply and demand.
Stockouts
The situation when demand cannot be fulfilled due to insufficient inventory, leading to potential loss of sales and customer dissatisfaction.
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