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In the context of authority and decision making, briefly describe the shift from centralized to decentralized decision making.
Product Margin
A financial metric that calculates the difference between the sales revenue generated by a product and the costs associated with its production.
Peak Demand
The highest level of consumption or requirement for a product or service, often challenging to meet and requiring careful planning and resource allocation.
Forward Buy
A purchasing strategy where a buyer purchases more inventory than currently needed at a lower price, anticipating future price increases or supply shortages.
Peak Demand
The period of highest customer demand for a product or service, which can strain resources and require careful planning to manage effectively.
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