Companies held some extra quantity of inventory in their warehouse in order to reduce the chances of stockouts. What is the extra quantity known as?
a) Reorder point
b) Optimal quantity
c) Just in time quantity
d) Safety stock
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Companies held some extra quantity of inventory in their warehouse in order to reduce the chances of stockouts. What is the extra quantity known as?
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2
Answer:
reorder point
Explanation:
I think so
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