Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory
Discounts allowed in bulk purchase
Achieving optimization

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Industrial Engineering and Production Management
Slack represents the difference between the

Latest allowable time and the normal expected time
Latest allowable time and the earliest expected time
Proposed allowable time and the earliest expected time
Normal allowable time and the latest expected time

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