Examlex
A divisional structure is based on autonomous profit centers.
Safety Stock
Inventory kept on hand as a buffer against variability in demand or supply, to avoid out-of-stock situations.
Standard Deviation
A measure of the dispersion or spread of data points in a data set, indicating how much variation there is from the average.
Service Level
A measure of the quality of service provided by a business, often evaluated against customer expectations or industry standards.
Single-Period Order Model
A decision-making tool used in inventory management for products with a limited lifespan, focusing on optimizing order quantities for a single selling period.
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