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O(1)means that the algorithm has a constant run time.
Safety Stock
An extra quantity of inventory kept on hand to prevent stockouts caused by unpredictable demand or supply delays.
Inventory Management
The supervision of non-capitalized assets and stock items, aiming to ensure that items are available when needed without overstocking.
Inventory Records
Documentation that keeps track of the quantities, locations, and statuses of products that a company has in stock.
Q3: _ are used for long-term retention of
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