ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buffering Uncertainty is related to what?
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Maintained at different locations
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Speed at the entire process
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Elapsed the between inventory
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Demand in excess of forecast
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Explanation:
Detailed explanation-1: -Safety stock is a quantity of inventory held in reserve to protect against uncertainty in demand or supply lead time. Traditionally, safety stock is calculated using a static formula based on factors such as lead time, demand variability, and service level.
Detailed explanation-2: -Demand uncertainty refers to the external factors that cause demand to unexpectedly increase or decrease.
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