Examlex
The results of metabolic processes usually add
Safety Inventory
A surplus of stock that is kept on hand to protect against unforeseen increases in demand or delays in supply.
Fill Rate
The percentage of customer or order demand that is met from available stock without backorders.
Continuous Review
A method of inventory control that constantly monitors stock levels and reorders when inventory drops to a predetermined point.
Periodic Review
A systematic evaluation process conducted at regular intervals to assess performance or condition over a period.
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