Options for dealing with uncertainty include using safety ________. Inventory and demand Demand and stock Lead time and inventory Stock and lead time

Respuesta :

When one experiences uncertainty in business, one way they can deal with it is by using safety stock and lead time.

Safety stock and lead time:

  • Allow for goods to arrive earlier than they normally would have so as to avoid delays
  • Allows for goods to be stored to satisfy an unplanned increase in demand

By doing these things, safety lead time and safety stock ensure that a company can deal with stock uncertainty such that they will have enough to sell to people.

In conclusion, one can deal with uncertainty through the use of safety lead time and stock.

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