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Definitions:
Cost of Lost Sales
The financial impact experienced by a business when potential sales are not realized due to stockouts or inability to meet demand.
Form Utility
The value added to goods through a manufacturing process that changes the form of the product to make it more desirable to consumers.
Logistics Activity
The range of operations involved in the management of the flow of goods from the point of origin to the point of consumption to meet customer requirements.
Components
Parts or elements that make up a larger product or system.
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