Examlex
An amodal shipper refers to the use of a logistics intermediary to make the relevant transportation decisions.
Economic Order Quantity
A formula used to determine the most cost-effective quantity to order stock, minimizing both ordering and holding costs.
Carrying Costs
Expenses associated with holding inventory, such as storage, insurance, and opportunity costs.
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.
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