A Service Level of 95% Means There Is a 0

question 61

Multiple Choice

A service level of 95% means there is a 0.95 probability

• A)of a stockout.
• B)that supply will exceed demand.
• C)that demand will be met during the lead time.
• D)None of these answer choices is correct.

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Definitions:

Collaboration

The action of working with someone to produce or create something, often highlighting the importance of teamwork and shared goals.

Collegiality

The cooperative relationship between colleagues who share responsibility and respect in a professional setting.

Common Goal

An objective or purpose shared by a group of individuals, which they strive to achieve collectively.

Interdisciplinary Teams

Collaborative groups made up of members from different professional backgrounds working towards a common goal.