Examlex
_____________ are ideas expressed as a symbol or in words.
Demand Uncertainty
The lack of predictability in consumer demand for products or services, making inventory or production planning challenging.
Coefficient Of Variation
A statistical measure of the relative dispersion of data points in a data series around the mean, expressed as a percentage.
Safety Inventories
Additional stocks held beyond expected demand to mitigate the risk of stockouts due to demand and supply variability.
Centralization
The concentration of decision-making authority at the top levels of an organization, often leading to more consistent and efficient policy implementation.
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