Examlex
An officer appointed to decide a dispute in a co-operative society is called
Safety Stock
Additional quantity of an item held in inventory to reduce the risk of stockouts caused by variability in supply or demand.
Stockouts
Occurrences when demand exceeds supply, resulting in an inability to fulfill customer orders or requirements immediately.
Inventory Carrying Costs
The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.
Standard Deviation
An index indicating the degree of spread or diversity among values in a dataset.
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