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Stockouts
Occurs when a product is not available in inventory for sale or use, leading to potential loss of sales and customer dissatisfaction.
Hybrid Strategies
Business tactics that combine elements of different traditional strategies, such as cost leadership and differentiation, to achieve competitive advantage.
Aggregate Planner
A tool or process used in production planning to determine the necessary resources and output levels over a specific time period.
Minimizing Downtime
The process of reducing the periods during which systems or machinery are not operational, aiming to increase efficiency and productivity.
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