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For the first time,the electronic synthesizer allowed composers to create
Just-In-Time (JIT)
An inventory management strategy where materials and products are produced or acquired only as needed for immediate use, reducing waste and inventory costs.
Holding Inventory
The process of keeping stock of goods or materials on hand to protect against fluctuations in demand or supply.
Order Level Cost
The cost associated with maintaining inventory at a specified level, often including ordering and holding costs.
Collaborative Relationships
Collaborative relationships refer to partnerships or alliances between businesses or individuals that aim to achieve mutual goals or enhance operational efficiency through shared resources or knowledge.
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