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Instead of treating mobile commerce and traditional retailing as separate retail channels, the National Retail Federation recommends an integrated strategy called dual-modality retailing.
Lost Sales
Potential sales that were not realized due to reasons such as stockouts or inadequate supply.
Lost Profits
The potential earnings that were not realized due to unforeseen circumstances, disruptions in business, or decisions that led to lost sales opportunities.
Planning Horizon
The future time period for which plans, strategies, and decisions are made, varying in length depending on the goals and nature of the planning.
Forecasting Errors
Discrepancies between predicted and actual demand, often leading to inventory mismanagement.
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