Examlex
Social networking is when people connect instantaneously via the internet across vast distances.
Net Working Capital
The discrepancy between an organization's immediate assets and its short-term obligations, showing the accessible liquidity to manage its activities.
Just-in-Time Inventory (JIT)
A supply chain management strategy aimed at reducing inventory costs and waste by receiving goods as they are needed in the production process.
Minimize Inventory
A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.
Work-in-Process
Inventory items that are in the production process but are not yet completed products.
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