Examlex
What makes defining abnormality difficult?
Lead Time
The duration between the initiation and completion of a process, like the time from placing an order to its delivery.
Review Interval
The predetermined period between assessments or analyses of processes, systems, or inventory levels.
Safety Inventory
Buffer stock maintained to guard against unforeseen spikes in demand or delays in supply, ensuring consistent service levels.
Aggregation
The process of combining multiple pieces of data or information to create a summary or composite view.
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