Examlex
A firm wants to lose customers that don't value the unique products and services the firm offers and to attract and retain customers that want what the firm offers. Engaging in this activity should allow the firm to:
Lead Time
The time interval between initiating a process and its completion, often applied to the period between placing an order and receiving it.
Stockout Rate
The frequency at which a company experiences an inventory shortage, leading to an inability to fulfill customer orders.
Supply Chain Strategy
A plan of action designed to manage resources, operations, and processes within the supply chain to achieve competitive advantage and customer satisfaction.
Operating Facilities
Operating facilities are physical locations where business and industrial processes or activities are conducted.
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