Examlex
In a short essay, discuss gap analysis.
Order Fill Rate
A measure of supply chain efficiency that indicates the percentage of customer orders that are fulfilled without backorders or stockouts.
Safety Inventory
Extra inventory held to guard against uncertainty in demand or supply.
Product Availability
The extent to which goods are in stock and ready for sale or delivery at any given time.
Echelon Inventory
The inventory held across different stages or levels of the supply chain, from raw materials to final products, to meet downstream demand.
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