Examlex
The 80/20 principle implies that the majority of all demand is due to a minority of the customers.
Service Level
A measurement used in management to define the standard of performance aimed to be achieved in delivering services or products to customers.
Standard Deviation
A statistical indicator that quantifies the spread of scores or values around the mean in a dataset, illustrating the variability or consistency among the data.
Fresh Gallon
A measurement indicating a gallon of a freshly produced or provided liquid, such as milk or paint.
Safety Stock
Additional inventory kept to reduce the risk of stockouts.
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