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Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it would imply that some production is lost resulting in idle time for men and machines or that the work is delayed which might attract some penalty. While if the stock out is external it would result in a loss of potential sales and / or loss of customer goodwill. A shortage can evoke different reactions from customers it would result in a backorder or a lost sale. In case of backorder the sales are not lost they are only delayed.
What skills are the required of a successful manager? Skills needed of a Successful Manager are as follows: The skills needed of a successful manager, while he is working in
Question 1 Marketing of insurance products is an important tool in the insurance business. The marketing of insurance is possible in both the life insurance and the non-life insur
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The process is check-in /drop bag at the airport .i will provide you with some files about this self-service systems .u need to cover ERP (SAP)
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