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Under just-in-time (JIT)inventory systems, manufacturers shifts the task of maintaining inventory to their suppliers, who in turn shift it to their own suppliers.
Equilibrium Constant
A number that expresses the relationship between the concentrations of products and reactants of a reaction at equilibrium under given conditions.
ΔG°
The standard Gibbs free energy change for a reaction, indicating the spontaneity of the process under standard conditions.
Corresponding K
Often refers to the equilibrium constant of a corresponding reaction, indicative of the position of equilibrium.
ΔG°
The standard Gibbs free energy change, representing the thermodynamic favorability of a reaction at standard conditions.
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