Examlex
Academic traditions serve several functions. Which ones?
Supply Chain Management
The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.
Work In Process
Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.
Just-In-Time (JIT) Scheduling
Minimises inventory by routing materials to workstations ‘just in time’ to be used.
Timely Basis
Performing or completing tasks within an appropriate or specified period to achieve desired outcomes.
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