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Climate change at the end of the last Ice Age had the effect of
Re-Order Point
The reorder point is the level of inventory that triggers an action to replenish that particular inventory stock, ensuring a seamless operation without stockouts.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at a given price level at a given time.
Standard Deviation
A measure that indicates the amount of variation or dispersion of a set of values from the mean.
Service Level
A measure of the quality and timeliness of service provided to customers, often framed as a percentage of customer demands met on time.
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