Examlex
Which of the following is FALSE?
Inventory Requirements
The specific amount of stock needed to meet customer demand while minimizing holding costs.
Continuous Review
An inventory management approach where stock levels are constantly monitored and replenished in real-time, often automated.
Lead Time
is the total time required to manufacture an order and deliver it to the customer, encompassing all phases from order placement to final delivery.
Demand Forecasts
Predictions about future customer demand for a product or service, based on historical data, market trends, and other influencing factors.
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