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The government operates programs for job training and job information intended to reduce unemployment.
Sales Order
A document issued by a business to a customer, confirming the sale of goods or services under specified terms.
Economic Order Quantity
The optimal quantity of stock to order at one time, considering holding costs and ordering costs, to minimize total inventory costs.
Safety Stock
Additional inventory kept on hand to prevent stockouts caused by fluctuations in demand or supply delays.
Lead Time
The amount of time it takes for a process to go from the initiation phase to its completion.
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