The Inventory Control System That Schedules Materials to Arrive and Leaves

question 17

True/False

The inventory control system that schedules materials to arrive and leaves as they are needed is called JIT or Just in Time.

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Definitions:

Foreign Trading

The act of buying and selling of goods and services between countries, which is a fundamental aspect of global economies and influences political and economic relationships.

Manufacturing Process

The series of actions or steps taken to produce a finished product from raw materials.

Water Power

The use of water flow—either from tides, rivers, or waterfalls—to generate mechanical power or electricity, a sustainable and renewable energy source.

Waterways

Natural or man-made channels through which water flows, used for navigation, transportation, or irrigation.