Examlex
________ is an on-the-job training technique that involves direct critiquing of how well an individual is performing a job.
Private Fleet
A fleet of transportation vehicles owned and operated by a company for its own logistics and distribution needs.
Safety Inventory
Extra inventory held as a buffer against demand variability and supply chain disruptions to prevent stockouts.
Cycle Inventory
The portion of inventory that companies hold to facilitate smooth production and sales operations, fluctuating based on production cycle needs.
Low-Value Product
Products that have a low price point or perceived economic value to the consumer, often resulting in slim profit margins.
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