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How does Ladson-Billings define the "achievement gap" frequently discussed in the United States?
Safety Inventory
Stock that is held in reserve to protect against stockouts caused by fluctuations in demand or supply chain disruptions.
Product Availability
The extent to which a product can be purchased by consumers, determined by factors such as stock levels and distribution efficiency.
Inventory Holding Costs
The expenses associated with storing unsold goods, including warehousing, insurance, and deterioration.
Product Fill Rate
The percentage of customer or sales orders fulfilled from stock at hand.
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