Examlex
Discuss the ways in which information professionals interact with documentation tools and the various levels of understanding necessary.
Feedforward Control
A management strategy that anticipates problems before they occur by monitoring inputs and taking preventative measures.
Reorder Point
The inventory level at which a new order should be placed to replenish stock before it runs out, preventing stockouts.
Inventory Cycle
The period of time from the point when inventory is at its highest until it is replenished.
Reorder Quantity
The amount of stock ordered when inventory levels reach a specific point, ensuring sufficient supply while minimizing holding costs.
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