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If your manager says that he/she will refuse your request for the weekend off to attend a concert unless you work the late shift for the rest of the week, he/she is using:
Safety Inventory
The extra inventory held to mitigate the risk of stockouts due to uncertainties in demand or supply.
Warehouse Inventory
Encompasses the goods and materials held in a storage space awaiting further distribution or sale, essential for managing supply chain efficiency.
Pipeline Inventory
Inventory that is currently in transit between locations or stages in a supply chain. It represents goods that are not yet available for sale or use.
Periodic Review System
A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.
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