Examlex
What are the three types of goals?
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices at a given time.
Optimal Order Size
The quantity that minimizes the total cost of inventory, including holding and ordering costs.
Annual Inventory Cost
The total cost associated with storing and maintaining a company's inventory over one year, including warehousing and insurance.
Maximum Inventory Level
The highest amount of inventory a business can hold to efficiently meet customer demand while minimizing holding costs.
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