Examlex
What was the reason for the decision in the case of Van Den Esschert v Chappell [1960] WAR 114?
Expected Shortage
The anticipated deficiency in quantity or supply of a product or resource relative to the expected demand for that product or resource.
Safety Inventory
Additional stock kept to mitigate the risk of stockouts and production halts due to fluctuations in demand and supply chain disruptions.
Supply Chain Manager
An expert in charge of supervising and directing the strategy and operations of a corporation's supply chain and logistics.
Replenishment Cycle
The recurring process of restocking sold-out or used products in inventory to maintain a desired stock level.
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