Examlex
Which of the following is true of the work design after industrial revolution?
Continuous Review
A system of managing inventory where the stock levels are continuously monitored, with orders placed as soon as inventory drops to a predetermined level.
Safety Inventory
A quantity of stock kept on hand to prevent stockouts due to variability in supply or demand.
Product Availability
The extent to which a product can be purchased at any given time and location.
Coefficient of Variation
A statistical measure of the dispersion of data points in a data series around the mean, expressed as a ratio to the mean.
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