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Why might there be sphericity?
Safety Inventory
The stock of goods or materials kept on hand to protect against variations in demand or supply.
Lumpy Demand
Demand characterized by unpredictable fluctuations and variability, often challenging for businesses to manage effectively.
Safety Stock
Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.
Fill Rate
A performance metric that measures the percentage of customer demand that is met without backorders or stockouts.
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