Examlex
Bob listens and watches his customers.Which of the following is a nonverbal buying signal Bob should look for?
Safety Stock
Extra inventory kept on hand to protect against stockouts caused by variations in supply and demand.
Service Level
A measure of the quality of service provided to customers, often quantified as the percentage of customer demands met on time.
Lead Time
The total time it takes to complete a process from start to finish, often measured from the initiation to the delivery of a product or service.
Optimal Order Size
The ideal quantity of inventory to order that minimizes the total costs associated with ordering, carrying, and stockouts.
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