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Instructions: Identify the Following Terms

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Instructions: Identify the following terms.
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Definitions:

Demand During Lead Time

Demand during lead time is the total customer demand for a product while waiting for replenishment or delivery of new stock.

Review Period

The designated time frame within which a process or performance is evaluated.

Cycle Stock

Inventory that is replenished regularly in response to actual customer demand.

Safety Inventory

Additional stock kept on hand to protect against variability in demand or supply.

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