Examlex
Which of the following accurately describes a function of a LAN?
Cycle Stocks
Inventory that companies hold to meet normal sales demand, as opposed to inventory held in anticipation of peak demand or for buffering against supply chain uncertainties.
Ordering Cost
The expenses associated with placing and receiving orders for materials, including costs related to paperwork, communication, and transportation.
Inventory
The stock of goods, materials, parts, and products that a business holds to fulfill future sales or production needs.
DRP System
A DRP System, or Distribution Requirements Planning, is a software used in inventory management and logistics planning, focusing on improving the distribution and fulfillment of goods.
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