Examlex
Failing to notice changes in our immediate surroundings is called
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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