Examlex
What is the identification of a user based on a physical characteristic, such as a fingerprint, iris, face, voice, or handwriting?
VMI Inventories
Vendor Managed Inventory; a supply chain management practice wherein the supplier of goods manages levels of inventory at the customer's premises.
EOQ
Economic Order Quantity, a formula used to determine the optimum order quantity that minimizes total inventory costs.
Dependent Demand
Refers to the demand for components or raw materials that is driven by, and directly related to, the demand for the finished goods they contribute to.
Independent Demand
The need for a product or service that is not influenced by the demand for other products, often applied in inventory management and forecasting.
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