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Forecast Of Demand
The prediction of future demand for a product or service, based on historical data, trends, and analysis, to aid in planning and decision-making.
Bucket
A bucket is a cylindrical or slightly tapered container, typically made of plastic or metal, used for carrying, storing, or mixing liquids or solids.
Fixed Order Quantity
A specific, constant quantity of items ordered each time an order is placed, typically used in inventory management to replenish stock.
EOQ
Economic Order Quantity is a formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.
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