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Just In Time
An inventory management strategy where materials and goods are produced or acquired only as needed for immediate use.
Lean Business Model
A strategy focusing on creating more value for customers with fewer resources by minimizing waste and optimizing processes.
Implementation Phase
The stage in a project or strategic plan where strategies are executed and plans are put into action.
Short-Term Decisions
Business choices made to affect operations or financial performance in the near future, typically within one year.
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