Examlex
Use the trapezoidal rule and Simpson's rule to approximate the value of the definite integral.
JIT
Just-In-Time, a production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers.
Upstream
In the context of supply chain, refers to the activities or processes involved in obtaining raw materials or components required for manufacturing.
JIT
Just-In-Time; an inventory management strategy that minimizes inventory and maximizes efficiency by receiving goods only as they are needed in the production process.
Excess Inventory
Inventory levels that exceed the demand, often resulting in wasted resources and storage costs.
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