Examlex
A written contract for a transfer of land is usually enforceable.
Just-In-Time (JIT)
An inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Multiple Sourcing
A procurement strategy where a company uses several suppliers for a certain component or product to reduce dependency on a single source.
Request for Proposal (RFP)
A document issued by a company asking for detailed proposals from potential suppliers or contractors for a specific project or service.
Specifications
Detailed descriptions of the requirements, characteristics, or performance standards of a product, service, or material.
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