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Just-In-Time Operations
An approach to manufacturing and inventory management where materials and products are produced or delivered only as needed, minimizing waste and reducing costs.
Organizational Change
The process through which a company or organization changes its structure, strategies, operational methods, or culture to effect improvement or to keep up with external demands.
Core Competency
Fundamental strength or advantage of an organization or individual that is central to its identity and competitiveness, often reflected in unique skills, technologies, or resources.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.
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