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Natural selection operates to produce changes in
Inventory Carrying Charge
The total cost associated with holding inventory in stock, including storage, insurance, taxes, depreciation, and opportunity costs.
Order Quantity
The number of units ordered at once from a supplier, balancing between holding costs and ordering costs to achieve optimal inventory levels.
Inventory Policy
Guidelines or rules set by a business to manage and control levels of inventory and order timings.
Service Level
A measure of the performance of a system's ability to serve customers, typically involving availability and responsiveness.
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