Examlex
The underlying beliefs and attitudes that help determine behaviour are referred to as
Safety Inventory
Extra stock kept on hand to protect against stockouts caused by variability in demand or supply.
Safety Inventory
A stock buffer maintained to mitigate risk of stockouts due to demand variability and supply chain uncertainties.
Lead Time
The duration between the initiation and completion of a process, such as the time from placing an order to its delivery.
Standard Deviation
A measure of the dispersion or variability within a set of data points, indicating how much variation exists from the average.
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