Examlex
Match each definition with the correct word part.
-chol/e
Ordering Costs
Expenses incurred in placing and receiving orders from suppliers, including costs related to ordering processing, transport, and receiving.
Carrying Costs
Expenses associated with holding or storing inventory over a certain period, including warehousing, insurance, and spoilage costs.
Optimal Order Quantity
Refers to the number of units that should be ordered to minimize the total inventory costs like ordering, holding, and shortage costs.
MRO
Maintenance, repair, and operating materials.
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