Examlex
The World Futures Studies Federation publishes
Average Inventory
The mean amount of inventory held over a specific period, used to calculate turnover rates and order quantities.
Service Level
A measure of the quality of service provided to customers, often reflected in the availability or reliability of a service.
Safety Inventory
Extra inventory kept on hand to guard against variability in demand or supply and prevent stockouts.
Expected Shortage
The anticipated deficit in supply of a product or resource, often calculated based on current inventory levels and projected demand.
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