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Discuss the various effects of age stereotypes.
ROP
Refers to Reorder Point, a inventory management technique indicating the minimum level before a new order must be placed.
Continuous Review Policies
Inventory management strategies that monitor inventory levels continuously to decide when to reorder.
Safety Inventory
Additional stock kept in reserve to protect against variability in demand or supply chain disruptions.
Review Interval
The scheduled time between evaluations or assessments of a particular process, inventory level, or system performance.
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