Examlex
Which of these is not a general external environmental factor?
Reorder Point
The inventory level at which an order should be placed to replenish stock before it runs out, based on lead time and demand.
Average Usage
The mean amount of a resource or service consumed over a specific period, used for planning and analysis purposes.
Safety Stock
Inventory kept on hand to protect against stockouts, typically to address unpredictable demand or uncertainties in the supply chain.
Lead Time
The total time it takes for a process to be completed from the moment it is initiated until its conclusion, often critical in supply chain management.
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