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Inventory: where ordering meets holding

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語彙
English 意味
economic order quantitythe order size that minimises the sum of ordering and holding costs
reorder pointthe stock level that triggers an order - lead-time demand plus safety stock
lead time/liːd taɪm/the time from placing an order to receiving it
safety stockbuffer stock held above expected lead-time demand to reach a service level

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IGCSE, A-Level & AP