Examlex
Samuel Beckett
Stockouts
Occurrences when demand exceeds supply, resulting in an inability to fulfill customer orders or requirements immediately.
Inventory Carrying Costs
The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.
Standard Deviation
An index indicating the degree of spread or diversity among values in a dataset.
Acquisition Lead Time
The total time taken from recognising a need for a product or service to when it is fully operational or delivered.
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