General Studies · Industrial Engineering and Inventory Control
Service level in inventory management is defined as the:
- 1Percentage of time during which production takes place
- 2Percentage of time during which the inventory is available to meet demand✓
- 3Percentage of time where there is a stock-out situation
- 4Percentage of time consumed during ordering
Correct answer
Percentage of time during which the inventory is available to meet demand
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