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

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

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Industrial Engineering and Production Management
Slack represents the difference between the

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

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