Explain How Electronic Data Interchange (EDI) and Just-In-Time (JIT) Inventory

question 265

Essay

Explain how electronic data interchange (EDI) and just-in-time (JIT) inventory management might be used in combination to improve physical distribution effectiveness and efficiency.

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Definitions:

Geometric Average Return

The average compound return earned per year over a multi-year period.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

Capital Gains Yield

The percentage change in the market price of an asset over a period, excluding dividends.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing a proportionate claim on its assets and profits.