Examlex
What is meant by "good judging?"
Service Stockout
Occurs when a service provider cannot meet customer demand due to insufficient resources or capacity, leading to customer dissatisfaction.
Service Level
A measure of the quality of a company's service, typically in terms of meeting customer needs or the percentage of customer demands met on time.
Probability
An evaluation of the probability that a specific event will take place.
Stockout
A situation in retail or supply chain management where the inventory of a particular item is completely depleted, leading to an inability to meet customer demand.
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