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The practice of comparing one company's performance to another's can be accomplished using
Annual Physical Inventory
An Annual Physical Inventory is the yearly process of counting all physical inventory to verify records and ensure accuracy in stock level reporting.
Remedial Action
Measures taken to correct or mitigate a problem, often after it has been identified through analysis or inspection.
Safety Stock
A quantity of inventory kept on hand to protect against variability in demand or lead time.
Average Demand
The mean amount of a product or service required by customers over a specific period of time, used for inventory and production planning.
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