Examlex
_________ is derived from ancient swamps and bogs, where standing water prevented decay and allowed plant matter to accumulate and _________ is derived from plankton and algae, mixed with mud and sand on ancient sea beds.
Safety Inventory
Buffer stock maintained to guard against unforeseen spikes in demand or delays in supply, ensuring consistent service levels.
Aggregation
The process of combining multiple pieces of data or information to create a summary or composite view.
Safety Inventory
Additional stock kept beyond expected demand to protect against variability in market demand or supply chain disruptions.
Normally Distributed
Refers to a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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