Minimums and Maximums. inventory stocking and ordering levels.
72 mins: 60 divided by 5 (1 fifth) is 12 mins, there's 60 mins in and hour, 60 + 12 = 72
Stand is a verb. It describes an action. "Stand on the curb and wait for the bus." Stand is also a noun. "Take a stand for what you believe in."
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If you are renting a U-Haul, there are weight limits. Mins and maxs stand for minimums and maximums. There are weight limits when it comes to hauling and limits when it comes to filling the tires with air.
The term MINS stands for minimums, while the term MAXS stands for maximums. These terms are typically used to indicate the minimum and maximum levels of inventory to maintain.
Minimums and Maximums. inventory stocking and ordering levels.
In inventory management, "mins" (minimums) and "maxs" (maximums) refer to the predetermined thresholds that dictate how much stock should be kept on hand. The minimum is the lowest quantity of an item that should be maintained to prevent stockouts, while the maximum is the upper limit to avoid overstocking and associated carrying costs. Together, these parameters help ensure optimal inventory levels and efficient supply chain operations.
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