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The text discusses a four-level hierarchy of needs. Which of the following is NOT included in that model?
Cycle Inventory
Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.
Quantity Discounts
Price reductions offered to customers purchasing in large volumes, incentivizing bulk purchases and often used to reduce inventory holding costs.
Cycle Inventory
Refers to the portion of inventory available or planned to be available in a warehouse or distribution center for fulfilling demand during a specific period, without needing to restock.
Supply Chain
The interconnected network of entities involved in the production, handling, and distribution of goods or services from manufacturers to consumers.
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