Examlex
The price mechanism deals _____ with the issue of an equitable income distribution and ____ with the issue of efficiency.
Fill Rate
The percentage of customer or order demand that is met from available stock without backorders.
Continuous Review
A method of inventory control that constantly monitors stock levels and reorders when inventory drops to a predetermined point.
Periodic Review
A systematic evaluation process conducted at regular intervals to assess performance or condition over a period.
Lead Time
The amount of time that elapses between the initiation of a process and its completion, often used in the context of product manufacturing or procurement.
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