Examlex
You should always use the minimum number of views possible when describing the shape of an object with a multiview drawing.
Setup Cost
The expenses incurred to prepare equipment or processes for manufacturing an order or batch of products.
Safety Stock
Additional inventory kept to prevent stockouts caused by fluctuations in demand or supply chain delays.
Reorder Point
A specific stock level that triggers the need to order more inventory to prevent stockouts, calculated by considering the lead time demand and safety stock.
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