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Rysler Motors currently uses an ERP system to manage all of its production operations and coordinate them with the other operations of the company. The company also wants to implement a just-in-time (JIT) inventory system. Unfortunately for Rysler, ERP is incompatible with JIT, so if it adopts the new inventory system it will have to abandon ERP.
Basic Types
Fundamental categories or classes into which things can be grouped based on common characteristics.
World Economy
The global network of economic activities and transactions, encompassing all of the world's national economies and facilitating international trade and investment.
Free Trade
An economic policy that allows imports and exports among member countries with little to no tariff barriers.
Eurozone
A monetary and economic union of 19 European Union countries that have adopted the euro as their common currency.
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