SAFETY STOCK Definition

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SAFETY STOCK (SS) or security stock ensures that the item is available up to the pre-defined required service level, even when the re-ordered material arrives later then expected, or the fluctuations in demand during the lead-time cause the demand to be larger then expected. See also STOCK RESERVE.

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T-BILL see TREASURY BILL.

PUBLIC CORPORATION is a corporation formed by federal, state or local governments for specific public purposes.

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