Examlex
Physical layer standards govern ________.
Demand Forecast
The process of estimating the quantity of a product or service that consumers will purchase in the future.
Safety Inventory
A surplus of stock that is kept on hand to protect against unforeseen increases in demand or delays in supply.
Fill Rate
The percentage of customer or order demand that is met from available stock without backorders.
Continuous Review
A method of inventory control that constantly monitors stock levels and reorders when inventory drops to a predetermined point.
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