The distinction between product fill rate and order fill rate is significant in a single product situation.
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Q1: The expected shortage per replenishment cycle (ESC)is
Q5: With periodic review,inventory status is checked at
Q11: Lead time is the gap between when
Q12: As the uncertainty of supply or demand
Q12: Carrying excessive inventory can help counter demand
Q13: The fill rate increases and the cycle
Q13: Safety inventory is inventory carried for the
Q16: As the desired level of product availability
Q17: Product fill rate is the fraction of
Q19: Shortage occurs in a replenishment cycle only
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