Examlex
Define what is meant by "field triage."
Safety Stock
A quantity of inventory kept on hand as a precaution against fluctuations in demand or supply, ensuring the mitigation of stockout risks.
Pull Method
A manufacturing and inventory strategy where production is based on customer demand rather than forecasting.
Work-In-Process Inventory
Goods that are in various stages of the production process but are not yet completed.
Non-Value-Added Cost
Expenses that do not contribute to the value or functionality of a product or service, often targeted for reduction or elimination.
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