Examlex
In the context of how information is viewed in a database, the _____ involves how data is stored on and retrieved from storage media.
Pareto Principle
The principle that states a small percentage of causes (roughly 20%) often lead to a large percentage of effects (approximately 80%).
ABC Analysis
A method of classifying inventory items into categories based on their importance, such as value or turnover rate, to optimize inventory management.
Inventory Savings
Reductions in the cost associated with holding and managing inventory, typically achieved through more efficient inventory management practices.
Tightly Controlled
Refers to systems or processes that are strictly regulated or managed to ensure desired outcomes.
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