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Just-in-time operating environments encourage continuous improvement of the work environment.
Receiving Report
A document that records the details of goods received by a company, including date received, quantity, and condition.
Initial Record
Initial record refers to the first entry or recording of a financial transaction or event in the accounting system.
Inventory System
A method or software used by businesses to track stock levels, orders, sales, and deliveries to efficiently manage their inventory.
Average Cost
A calculation that determines the total cost of goods available for sale divided by the total units available for sale, providing a mean cost per unit.
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