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This early sociologist helped to found the NAACP and was himself a prominent black sociologist.
Reorder Quantity
The amount of stock ordered when inventory levels reach a specific point, ensuring sufficient supply while minimizing holding costs.
Lead Time
The period of time from order placement until the goods are received.
Inventory Needs
The required quantity and type of goods a business needs to have on hand to meet customer demand and maintain smooth operations.
Bulk Ordering
Involves purchasing large quantities of goods or materials, typically to gain economies of scale and reduce per-unit cost.
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