Examlex
What type of rock forms from the solidification of molten material?
Just-In-Time (JIT)
An inventory management system where materials are produced or received only as necessary to meet demand, reducing waste and costs.
Activity-Based Costing (ABC)
Activity-Based Costing (ABC) is a costing methodology that assigns costs to activities based on their use of resources, offering more precise costing information.
Supplier Performance Index
This index assesses a supplier's efficiency by analyzing their delivery times, quality of goods, and adherence to contractual agreements, providing a comprehensive overview of their performance.
Suppliers
Entities that provide goods or services to another entity, typically in a supply chain context.
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