Examlex
Discuss the advantages and disadvantages of written communication.
Safety Stock
An inventory buffer to prevent stockouts, typically held to account for variability in demand or supply.
EOQ Model
Economic Order Quantity Model; an inventory management formula that determines the optimal order quantity to minimize total inventory costs.
Collection Policy
The guidelines and procedures that a company follows to collect accounts receivables from its customers, including the timeline and actions for overdue payments.
Average Collection Period
The average number of days it takes for a company to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.
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