Examlex
Which of the following is an operating activity?
JIT Partnership
denotes a collaborative arrangement between suppliers and buyers where just-in-time manufacturing principles are applied, aiming to minimize inventory levels and streamline production processes.
Inventory
The total amount of goods or materials contained in a store or factory at any given time.
JIT Systems
JIT, or Just-In-Time Systems, refer to an inventory management strategy aiming to decrease waste and increase efficiency by receiving goods only as they are needed in the production process.
Job Specialization
The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and proficiency in that area.
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