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Supply Chain Managers
Professionals responsible for overseeing and managing the entire supply chain process to ensure efficiency, cost-effectiveness, and timely delivery of products.
Backup Sourcing
Is the strategy of establishing alternative suppliers to ensure the continuity of supply in case of primary supplier failures.
Margin Lost
The reduction in potential earnings or profit due to inefficiencies, increased costs, or missed opportunities.
Stockout
A situation where inventory is exhausted, and a product is unavailable for sale or delivery, potentially leading to lost sales and customer dissatisfaction.
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