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Just-In-Time
A management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.
Insurable Interest
A stake or a legal right in the preservation of an item, person, or property that allows an individual or entity to obtain insurance coverage against loss or damage.
Supply Stoppages
Interruptions or halts in the provision or delivery of goods and services, often due to disputes, logistics issues, or external factors.
Salvage
The act of rescuing a ship, its crew, and cargo from peril at sea, often entailing the recovery of parts or property from damage or destruction.
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