Examlex
Explain the function of the two parts of the TCP/IP protocol.
Safety Stock
An additional quantity of an item held in inventory in order to reduce the risk that the item will be out of stock.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.
Lead Time
The total amount of time it takes from the initiation of a process or order until it's completed, influencing inventory levels and customer satisfaction.
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