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Inventory
the stock of any item or resource used in an organization, encompassing raw materials, finished goods, and work in progress.
JIT Concept
Just-In-Time (JIT) is a management strategy aimed at aligning raw-material orders from suppliers directly with production schedules to reduce inventory costs.
Employee Empowerment
A workplace approach aimed at giving employees more autonomy and control over their work processes and decision-making.
Unionization
The process by which workers form or join a union in order to collectively negotiate with their employers over wages, benefits, working conditions, and other employment terms.
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