Examlex
In a VMI system,the ________ must share demand information with the ________.
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.
High Demand
A situation where the desire and need for a product or service greatly exceeds the available supply within a market.
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