A key element in Walmart’s ability to achieve competitive advantage by discounting brand name products was an understanding of the criticality of efficiency in its _____________________.

Safety stock is __________________________________________________.

Some companies outsource because they do want to _________________________________.

If a fulfillment center has no on-hand inventory but receives an order that cannot be immediately filled, this order represents _____________ if the customer is willing to wait.

Suppose the margin on Magazine Y at the check stand is $3.  If Magazine Y is stocked out, then 70% of potential customers forgo the purchase while 30% switch to Magazine Z.  If the margin on Magazine Z is $2, then what is the cost of a stockout to the retailer?

______________ is when a retailer thinks there is more inventory than there actually is.

Which has the correct order of lead time processes?

Against which two forms of uncertainty does safety stock protect?

Against which two forms of uncertainty does safety stock protect?

If using less-than-truckload transportation and the transit rate increases, what do you expect should happen to the company’s order quantity?