Examlex
Within each 24-hour period, the regular fluctuation from high to low points of certain bodily functions and behaviors is known as _____
Safety Stock
Additional inventory kept to prevent stockouts caused by fluctuations in demand or supply chain delays.
Reorder Point
A specific stock level that triggers the need to order more inventory to prevent stockouts, calculated by considering the lead time demand and safety stock.
Holding Cost Rate
The cost associated with keeping inventory in stock, including storage, insurance, and opportunity costs.
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