Buyer Power, Supplier Power, Threat of Substitute Products or Services

question 11

Short Answer

Buyer power, supplier power, threat of substitute products or services, threat of new ________, and rivalry among existing competitors are all included in Porter's Five Forces Model.

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Definitions:

Safety Stock

Additional inventory kept to reduce the risk of stockouts.

Service Level

A measurement of the quality and efficiency of a service, often evaluated based on factors such as speed, reliability, and customer satisfaction.

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.