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The article by William Baxter utilized primarily reasoning.
Total Cost
The complete cost of production, including both fixed and variable costs.
Replenishment Lead Time
The time required to order, process, and deliver a shipment of goods from the supplier to the retailer, crucial for inventory management.
Safety Inventory
Extra inventory held to protect against stockouts caused by variations in demand or supply, serving as a buffer to ensure customer service levels.
Supplier Services
The range of services provided by suppliers to support their products, including delivery, installation, and maintenance.
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