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Long-term interest rates fluctuate more than short-term rates.
JIT Systems
Systems based on the just-in-time principle that focus on continuous improvement by eliminating waste and only producing what is needed, when it is needed.
Layout
The arrangement of physical elements in a space, such as machinery in a factory or furniture in a room, optimizing efficiency and workflow.
Distance Reduction
Strategies or actions taken to decrease the physical distance between processes or elements, often to improve efficiency or reduce transportation costs.
In-Transit Inventory
Goods and materials that are on their way to the customer or destination but have not yet arrived.
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