Service level is the chance, measured in percent, that there will be a stockout.

Name: Service level is the chance, measured in percent, that there will be a stockout.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Service level is the percentage of customer demand that is met through immediate stock availability, without needing backorders or lost sales. It's not just the chance of a stockout, but a measure of how well inventory meets demand.

Service Level Is the Chance, Measured in Percent, That There