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In 1964,a dispute broke out at the University of California at Berkeley over
Storage Costs
Expenses incurred to keep inventory stored safely and effectively, including warehousing, material handling, and preservation costs.
Quantity
Quantity refers to the amount or number of units of a particular item or substance, indicating the volume, size, or extent of that item.
Holding Cost
Refers to the costs related to retaining inventory, encompassing expenses such as storage, depreciation, and opportunity costs.
Replenishment Order
An order placed to restock inventory or supplies to ensure sufficient levels are maintained to meet anticipated demand.
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