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Please Define the Following Key Terms

question 56

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Dead Sea Scrolls


Definitions:

Minimum Inventory

The lowest quantity of stock that must be kept on hand to prevent stockouts, taking into account lead times and demand variability.

Perfect System

An idealized or hypothetical system that operates without any faults, failures, or inefficiencies.

Raw Materials

The unprocessed natural resources or substances that are used in the manufacturing of goods, providing the basic material from which products are made.

Finished Products

Goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.

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