Examlex
______ can only describe what is in the text and reveal patterns in it.
ABC Approach
A methodology used in inventory management and cost accounting that identifies and classifies items in order of importance, with A items being the most valuable.
Inventory Management
The process of ordering, storing, and using a company's inventory, including the management of raw materials, components, and finished products.
Inventory Cost
The total cost associated with holding and managing inventory, including purchase, storage, and obsolescence costs.
Just in Time
An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
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