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A temporary guest worker program to address issues surrounding illegal immigration failed to pass Congress because it was opposed by President George W. Bush.
Cost of Overstocking
Expense incurred from holding too much inventory, including storage costs, decreased product value, and potential obsolescence.
Cost of Understocking
The financial and operational impact of not having enough inventory to meet demand, leading to lost sales and dissatisfied customers.
Product Availability
The extent to which goods or services can be purchased from suppliers by consumers at any given time.
Order Cycles
The complete sequence of processes from when an order is placed until it is received by the customer.
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