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Intermediate Goods
Products that are used in the production of final goods and services, rather than being sold directly to consumers.
Raw Materials
Basic materials that are in their natural, unprocessed form, used as inputs for production in manufacturing, construction, and other industries.
JIT
Just-in-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules.
Distribution Systems
Networks and processes involved in moving a product from the supplier to the customer, including logistics, warehousing, and retailing.
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