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Poor lifestyle choices can be directly linked to mortality rates in the late twentieth century.
Running Out Of Inventory
A situation where a business depletes its stock of products, potentially leading to missed sales opportunities and customer dissatisfaction.
Materials Requirement Planning
A production planning, scheduling, and inventory control system used to manage manufacturing processes.
Just-In-Time Inventory
An inventory management strategy that aligns raw-material orders with production schedules to minimize inventory costs and reduce waste.
Vendor-Managed Inventory
A supply chain management strategy where the supplier is responsible for maintaining the inventory levels at the buyer's premises.
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