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Since Its Objective Is to Minimize Inventory Investment, a Just-In-Time

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Since its objective is to minimize inventory investment, a Just-in-Time (JIT) system uses no, or very few, safety stocks.


Definitions:

Formation

The act or process of forming or being formed, such as the development or creation of something structured.

Traits

Characteristic features of an individual's personality that are consistent across different situations.

Humanistic

A psychological perspective emphasizing individual potential, self-actualization, and the unique human experience within a nurturing environment.

Psychoanalytic

Relating to a systematic structure of theories concerning human behavior and the development of the personality, as well as techniques for treating psychological disorders, originally developed by Freud.

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