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What is organizational change, and what are two major areas of change in organizations?
Inventory Holding Costs
The expenses associated with storing unsold goods, including warehousing, insurance, and deterioration.
Product Fill Rate
The percentage of customer or sales orders fulfilled from stock at hand.
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.
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