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Edmund was walking down a dark street when he heard a car backfire. His heart started to race and he began to perspire in response to this sudden, startling noise. These physical reactions were triggered by Edmund's
Annual Demand
The total quantity of a product or service that is demanded over the course of a year.
Salvage Value
The estimated resale value of an asset at the end of its useful life.
Service Level
A measure of performance that represents the percentage of customer demands that are met without delay.
Lead Time
The timeframe between the initiation and completion of a process, such as from placing an order to its delivery.
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