Question: Key Terms-4 (Managing Inventory- Independent) 1. cycle counting 2. cycle stock 3. economic order quantity (EOQ) 4. inventory turnover 5. lead time 6. Little's Law

Key Terms-4 (Managing Inventory- Independent) 1. cycle counting 2. cycle stock 3. economic order quantity (EOQ) 4. inventory turnover 5. lead time 6. Little's Law 7. ordering costs 8. perpetual inventory system 9. point-of-sale (POS) system 10. quantity discounts 11. reorder point (ROP) 12. safety stock 13. service level 14. setup costs 15. shortage cost

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