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When two devices communicate using NFC,how close must they be?
Shortage Per Cycle
The average amount of inventory deficit that occurs during a specific period due to discrepancies between supply and demand.
Stockouts
The situation when demand cannot be fulfilled due to insufficient inventory, leading to potential loss of sales and customer dissatisfaction.
Safety Inventory
The stock of goods or materials kept on hand to protect against variations in demand or supply.
Lumpy Demand
Demand characterized by unpredictable fluctuations and variability, often challenging for businesses to manage effectively.
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