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When purchasing a tablet device,factors like brand image,price,and battery life that a consumer considers prior to purchase are called
Excessive Inventory
A larger amount of stock than what is needed, leading to unnecessary storage costs and potential obsolescence.
Demand Volatility
The degree to which demand for a product or service can fluctuate unpredictably over a certain period, affecting supply chain and inventory management strategies.
Safety Inventory
Inventory kept as a buffer against forecasted demand and supply variability to prevent stockouts.
Forecasted Demand
The estimated amount of product or service that will be bought by customers in a future period, often used for planning in business operations.
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