Examlex
Product mix width may be defined as:
Inventory
The total amount of goods and/or materials contained in a store or factory at any given time.
Inventory Management
The practice of ordering, storing, tracking, and controlling inventory to ensure an adequate supply without excessive oversupply or loss.
Just-In-Time Approach
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs by receiving goods only as they are needed in the production process.
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