Examlex
An audit that allows the organization to review its current customer service measures, policies, and practices is referred to as?
JIT Suppliers
Suppliers that adhere to Just-In-Time manufacturing principles, delivering materials and components exactly when needed, minimizing inventory costs.
Holding Cost
The cost associated with keeping inventory in storage, including expenses such as warehousing, insurance, and spoilage.
Product Storage
The act of keeping goods or materials in a designated space until they are needed for usage or sale.
Waste
Unwanted or unusable materials, substances, or by-products produced through human activity or industrial processes.
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