Explain How Electronic Data Interchange (EDI) and Just-In-Time (JIT) Inventory

question 265

Essay

Explain how electronic data interchange (EDI) and just-in-time (JIT) inventory management might be used in combination to improve physical distribution effectiveness and efficiency.

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Definitions:

Human Capital Perspective

Viewing employees as valuable assets whose investments in skills and abilities contribute to organizational success.

Organization's Strategy

The comprehensive plan formulated by an organization to achieve its long-term goals and objectives.

Employees' Capabilities

The skills, expertise, and competencies that employees possess, which contribute to an organization's success.

Routine Activity

Regular, customary actions or practices that are often predictable and performed as a part of one's daily or regular schedule.