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In the sixteenth and seventeenth centuries, the elite
JIT Partnerships
Collaborations between companies and their suppliers to implement Just-In-Time inventory strategies, aiming to reduce waste and increase efficiency.
In-plant Inventory
The stock of goods and materials held within a manufacturing plant for the production process or for immediate use.
Small Lots
Production or shipment of goods in small quantities, often used to reduce inventory costs and increase flexibility.
Setup Times
The duration required to prepare equipment, tools, and machinery for a specific task or to switch from one production operation to another.
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