Examlex
Company characteristics,such as geographic location,type of company,company size,and product use,can be important segmentation variables.
Reorder Point System
An inventory control method that determines the lowest level of inventory before a reorder must be placed to avoid stockouts.
Lead Time
The amount of time between the initiation of a process and its completion, often referring to the delivery time of materials or the production cycle.
Standard Deviation
A statistical measure that quantifies the dispersion or variability of a set of data points from their mean, used to gauge the amount of variation.
Service Level
A measure of the quality of a service provided, often defined as the percentage of customer demand that is met through immediate stock availability.
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