Examlex
GAP is defined as the difference between fixed-rate assets and fixed-rate liabilities.
Fixed-Period Inventory System
An inventory control system where orders are made at fixed intervals, but the order quantity varies based on demand.
Safety Stock
Additional inventory held to guard against stockouts, ensuring that a sufficient quantity of goods is available to meet demand fluctuations.
Review Period
The time interval between evaluations or assessments of a project, process, or system to ensure it meets its objectives and to identify necessary adjustments.
Optimal Order Quantity
The most cost-efficient quantity of items to order that minimizes holding costs and ordering costs in inventory management.
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