Examlex
Which of the following is the best definition of a just-in-time inventory (JIT) .
Throughput Time
The elapsed time from when production is started until finished goods are shipped.
Factory Floor
The operational area within a manufacturing plant where goods are actually produced, typically housing machinery, assembly lines, and workers.
Warehouse
A facility for storing goods, merchandise, and materials before they are distributed for sale or use.
Quality Costs
Expenses related to ensuring products or services meet company and customer quality standards, including prevention, appraisal, and failure costs.
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