Examlex
Which of the following was common to the eruptions of Vesuvius and Mount St.Helens?
JIT Systems
Just-In-Time Systems refer to a strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Inventory
The quantity of goods or materials that a business holds for the purpose of resale or production.
JIT Partnerships
Collaborations between companies and their suppliers to implement Just-In-Time inventory strategies, aiming to reduce waste and increase efficiency.
In-plant Inventory
The stock of goods and materials held within a manufacturing plant for the production process or for immediate use.
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