Examlex
The purpose of the international program of economic goals is to reduce
JIT
Just-In-Time; an inventory management strategy that minimizes inventory and maximizes efficiency by receiving goods only as they are needed in the production process.
Excess Inventory
Inventory levels that exceed the demand, often resulting in wasted resources and storage costs.
Manufacturing Capacity
The maximum amount of products that can be produced in a given period of time using available resources in a manufacturing facility.
Agility
The ability to move quickly and easily, often used in organizations to describe the ability to adapt rapidly to market changes or challenges.
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