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The category of inventory performance metrics that addresses effectiveness in terms of meeting demand requirements is referred to as _____. Multiple choice question. service level asset productivity inventory turnover days of supply

User Micheal Vu
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Answer:

service level

Step-by-step explanation:

Service level in inventory management is defined as the probability of not hitting a product stock out in a business as it relates to customer demands.

There needs to be a balance between cost of inventory (or storage) and cost of having a stock out. Such that there is a guarantee that a depletion in stock does not occur.

A failure in service level will lead to customer dissatisfaction as a result of missed sales.

User Hubert Olender
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