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Safety Inventory
Additional stock kept in reserve to protect against uncertainties in demand or supply, ensuring product availability.
Safety Inventory
Extra inventory held to guard against uncertainty in the demand or supply chain, ensuring that shortages are minimized.
Demand Uncertainty
The lack of predictability in consumer demand for products or services, making inventory or production planning challenging.
Coefficient Of Variation
A statistical measure of the relative dispersion of data points in a data series around the mean, expressed as a percentage.
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