Minimum level of inventory levels
Give a brief introduction of the term Minimum level of inventory levels?
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This level is fixed below the re-order level however on top of the danger level. The level of stock must not be diminished under this level. If it does, then it involves the risk of non accessibility of material whenever needed. This level is fixed subsequent to considering two factors: Lead Time and Rate of Consumption.
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In what manner group incentive systems employed?
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