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A Just-In-Time System of Inventory Control Requires That Manufacturers Coordinate

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A just-in-time system of inventory control requires that manufacturers coordinate production with suppliers so that raw materials or components arrive just as they are needed in the production process.The main objective of such a system is to reduce carrying costs.


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Philosophe

An intellectual of the 18th-century Enlightenment who sought to apply reason to the study of many areas of learning, including philosophy, history, science, politics, economics, and social issues.

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A document or decree abolishing or altering the conditions of serfdom, a form of labor widely used in feudal systems where serfs were tied to and worked land owned by lords.

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An Austrian Emperor known for his radical reforms, including measures to modernize and centralize the Habsburg Empire during his reign from 1765 to 1790.

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