Examlex
Summarize briefly the political and economic changes effected by Louis XI of France.
Replenishment Cycle
The recurring process of restocking sold-out or used products in inventory to maintain a desired stock level.
ESC (Expected Shortage per Cycle)
A metric used in inventory management forecasting the expected stockout quantity for a given inventory cycle, aiding in optimization and planning.
Safety Inventories
Stock that is maintained to buffer against uncertainties in demand or supply, ensuring product availability.
Demand Uncertainty
The unpredictability related to the demand for products or services, often causing challenges in supply chain management.
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