Examlex
Staffing is the process of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impacts on the organization's effectiveness.
Just-in-time
A production strategy that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed in the production process.
Carrying Costs
Expenses associated with holding inventory, including storage, insurance, and spoilage costs.
Shortage Costs
Costs incurred by a business when the demand for its products exceeds its supply, often leading to lost sales and customer dissatisfaction.
Short-term Financial Policy
Guidelines or strategies focused on managing a company's current assets and liabilities to ensure short-term operational needs are met.
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