Examlex
A ________ is some combination of products, services, information, or experiences provided to consumers to satisfy a need or want.
Safety Stock
Inventory kept on hand to protect against fluctuations in demand or supply, acting as a buffer to prevent stockouts.
Stockout
A situation in inventory management where the demand for an item cannot be fulfilled due to the absence of the item in stock.
Demand Variability
The extent to which the demand for goods or services fluctuates over a certain period.
Safety Stock
Inventory kept on hand as a buffer against variability in demand or supply, to avoid out-of-stock situations.
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