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Describe the evolution of the field of behavior analysis from basic research to Applied Behavior Analysis.
Safety Inventory
Inventory kept as a buffer against forecasted demand and supply variability to prevent stockouts.
Forecasted Demand
The estimated amount of product or service that will be bought by customers in a future period, often used for planning in business operations.
Postponement
A supply chain strategy that delays the final production or distribution of a product until customer orders are received to minimize inventory and forecast error costs.
Product Differentiation
The method of making a product or service stand out from competitors in the marketplace to appeal more effectively to a specific target audience.
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