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When the local fast-food restaurant manager caught one of her employees giving free food to his friends, she fired him on the spot. When another employee stayed late after work one night to help a woman start her car, the manager rewarded him. What type of control did the restaurant manager use in these two instances?
Inventory Rate
The speed at which inventory is sold or used over a particular period, often indicating the efficiency of inventory management.
Review Interval
The scheduled period between evaluations of a process, system, or performance, allowing for adjustments and improvements.
Safety Inventory Levels
Quantities of stock kept on hand to protect against variability in demand or supply, ensuring product availability.
Cycle Inventory
The portion of inventory available due to the replenishment process, reflecting the quantity of goods that cycle through the supply chain.
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