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Optimum stock refers to the ideal level of inventory that a company should maintain to efficiently meet customer demand while minimizing carrying costs and stockouts. It typically balances the cost of holding inventory with the cost of not having enough inventory available for customers. Setting the optimum stock level involves considering factors such as demand variability, lead times, and service level targets.

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1y ago

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Related Questions

What is the ticker symbol for Optimum?

Optimum Interactive is a publicly traded stock in the United States. Their stock ticker symbol in the market is OPTL.


What is optimum range?

Optimum range is the level of water quality in the pond that will make sure that stock is as healthy as possible.


What is the goal of inventory control?

The goal of inventory control is to be sure that optimum levels of inventories are available, that there are minimal stockouts (i.e., running out of stock),


What is an optimum range?

An optimum range refers to the ideal or most effective span of values within which a particular variable or parameter should fall. It signifies the range where a system or process operates at its peak performance or efficiency. Deviating from this range may result in suboptimal outcomes.


Needs of inventory management?

Inventory Management helps in the followoing:Right product/material in right quantity at right timeMeeting the material/product requirement efficiently.Maintaining optimum inventory levelReducing cost of stock in hold by maintaining optimum level of inventory.Overall reduction in unit cost


How do you spell optimum?

Optimum is correct.


What is the plural for optimum?

The plural for optimum is optima.


What channel is syfy on optimum?

The number channel is 67 on Optimum.


What channel is WWE on optimum?

chanle for wwe optimum


What channel is WWE superstars on optimum?

chanle for wwe optimum


Who to get a optimum id?

yOU HAVE TO BE A CUSTOMER OF OPTIMUM TV, PHONE , OR INTERNET


Use optimum in a sentence?

For optimum results follow directions.