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Match the best term in the drop-down list to each of the following definitions/descriptions. (Each term matches one description only.) (1 point per selection] An

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Match the best term in the drop-down list to each of the following definitions/descriptions. (Each term matches one description only.) (1 point per selection] An extra amount of inventory carried to reduce the risk of running out Demand derived from random external sources; usually applies to finished goods A method for easily knowing when the reorder point is reached The length of time between when an order is placed and when it received A level of inventory that, when reached, triggers a replenishment order The cost of keeping a unit in inventory for a period of time The probability of not running out of stock in a given replenishment cycle A system for keeping track of how much stock is on hand at any time Choose... Choose... Reorder point Safety stock Independent demand Perpetual inventory system Two-bin system Lead time Holding cost Service level Choose... Choose... > Choose... > Choose

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