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What type of front will most likely pass the area when the weather forecaster states "Light rain and cold today, with temperatures just above freezing. Southeasterly winds shifting to westerly tonight. Turning colder with rain becoming heavy and possibly changing to snow."
Ordering Costs
The expenses associated with placing orders for additional inventory, including administrative costs and transportation.
Carrying Costs
The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.
Cycle Counting
A method of inventory verification where a select portion of the stock held in a particular area is tallied on a predetermined day.
Inventory Records
Documentation of the quantities, locations, and statuses of products or materials that a company holds in stock.
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