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Which of the Following Is an Extended ERP Component

question 155

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Which of the following is an extended ERP component?


Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, depreciation, and opportunity costs, synonymous with holding costs but with a rephrased definition for clarification.

Safety Stock

Inventory kept on hand to protect against stockouts caused by fluctuations in demand or supply chain disruptions.

Lead Time

Lead time is the amount of time that elapses from the start of a process until its completion, important in manufacturing and supply chain management.

Safety Stock

Extra inventory kept on hand to prevent stockouts caused by variations in supply and demand.

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