Examlex
The action that selects a specified object and runs an action that applies to the object.
Standard Deviation
A statistical metric that quantifies the dispersion or spread of a dataset relative to its mean, indicating consistency or variability.
Echelon Inventory
The stock held across different stages of the supply chain, considering the inventory at all levels together.
Cycle Inventory
Cycle Inventory refers to the portion of inventory available in a warehouse or storage that is held to meet the regular sales demand.
Safety Inventory
Extra stock kept on hand to prevent stockouts and ensure product availability despite uncertainties in demand or supply lead times.
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