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Traditioning is the idea that Biblical texts are relevant to life today.
Materials Requirements Planning
A production planning, scheduling, and inventory control system used to manage manufacturing processes.
Net Working Capital
The difference between a company's current assets and its current liabilities, indicating short-term financial health.
Just-In-Time Inventory
An inventory management strategy where materials are ordered and received only as they are needed in the production process.
Demand-Dependent Inventories
Inventory levels that are maintained based on current demand forecasts, adjusting to meet fluctuations in market requirements.
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