Examlex
Does the nurse have to measure the dose in a prefilled syringe? If so,why; if not,why not?
Stockout
A situation where inventory is exhausted, and a product is unavailable for sale or delivery, potentially leading to lost sales and customer dissatisfaction.
Cost of Understocking
The financial loss or missed opportunity cost incurred when inventory levels are too low to meet demand.
Holding Cost
The expenses associated with storing unsold goods or materials, including warehousing, insurance, depreciation, and opportunity costs.
Replenishment Lead Time
Defines the period between placing an order for stock and its delivery, impacting inventory levels and the ability to meet customer demand.
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