Examlex
Case management skills include which of the following….
Stockout Risks
The potential for inventory shortages that can result in lost sales, customer dissatisfaction, and negative impacts on a business's reputation and income.
EOQ
Economic Order Quantity, a formula used in inventory management to determine the optimal order size that minimizes total inventory costs.
Safety Stock
Additional inventory kept in reserve to protect against stockouts due to variability in demand or supply.
Reorder Point
The inventory level at which a new order should be placed to replenish stock before it runs out.
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