Examlex
Which of the following statements is true?
Replenish
The process of filling or restocking products, supplies, or inventory to return to a desired level.
ABC Analysis
ABC Analysis is an inventory categorization technique that divides items into three categories (A, B, and C) based on their importance and value, with A being the most valuable.
Critical Items
Goods or components crucial for the manufacturing process or customer satisfaction, often given higher priority in inventory management.
Inventory
The total amount of goods stored by a company that is ready or will be ready for sale.
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