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Bar Coding Saves

question 14

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Bar coding saves


Definitions:

Overstocking Cost

Expenses incurred when a company holds more inventory than it can sell, including storage, insurance, and depreciation.

Quick Response

A strategy aimed at improving the efficiency of supply chains by rapidly reacting to changes in demand.

Advantages

The benefits or favorable conditions that give an entity a superior position or competitive edge over others in its field.

Disadvantages

Negative aspects, drawbacks, or limitations associated with a situation, action, or decision.

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