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The _ _ _ _ is the probability that the amount of inventory on hand during thelead time is sufficient to meet expected demand, said
The is the probability that the amount of inventory on hand during thelead time is sufficient to meet expected demand, said another way, the probability that a stockout will not occur.
average daily demand
safety stock
service level
standard deviation
reorder point
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Purchasing and Supply Chain Management
Authors: W.C Benton
3rd edition
78024110, 978-0078117091, 78117097, 978-0078024115
