Examlex
As a consequence of the high quality processes of JIT, close supplier partnerships are unnecessary.
Functional Expertise
Specialized knowledge and skills in a particular area or department within an organization that contribute to its efficiency and success.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically resulting from factors like mass production and bulk purchasing.
Functional Lines
The demarcation of responsibilities and tasks in an organization based on specific functions such as marketing, finance, or human resources.
Functional Expertise
Specialized knowledge or proficiency in a particular area or discipline within a professional context.
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