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Virtual Companies
Companies that rely on a variety of supplier relationships to provide services on demand. Also known as hollow corporations or network companies.
Few Suppliers
Refers to a market situation where only a limited number of vendors provide a certain product or service, potentially leading to less competition and higher prices.
JIT Systems
Inventory management systems that seek to minimize inventory levels by scheduling material arrivals only when they are needed in the manufacturing process.
Environmental Risk
The potential for environmental damage or adverse health effects resulting from exposure to environmental hazards or pollutants.
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