Examlex
Our sense of taste was once thought to involve only the four sensations of
Shortage Cost
Shortage cost refers to the costs a company incurs when it is unable to meet demand due to insufficient inventory or resources.
Net Working Capital
The discrepancy between an organization's immediate assets and its short-term obligations, showing the accessible liquidity to manage its activities.
Just-in-Time Inventory (JIT)
A supply chain management strategy aimed at reducing inventory costs and waste by receiving goods as they are needed in the production process.
Minimize Inventory
A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.
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