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Accounts payable is considered a
Lead Time
The total time that elapses between the initiation and completion of a process, such as the period from placing an order to delivery of a product.
Re-Order Point
The reorder point is the level of inventory that triggers an action to replenish that particular inventory stock, ensuring a seamless operation without stockouts.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at a given price level at a given time.
Standard Deviation
A measure that indicates the amount of variation or dispersion of a set of values from the mean.
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