Examlex
Which of the following choices is in the correct order from less risk to more risk?
Past Experience
Refers to the events or interactions an individual or organization has encountered before the current moment, which can serve as a learning tool or guide for future actions.
Frequency of Occurrence
The rate at which a particular event or phenomenon happens over a specified period of time.
Just-In-Time (JIT) Scheduling
A logistics strategy where materials and products are produced or delivered only as needed, reducing inventory costs.
Timely Inventory Control
The practice of managing and optimizing stock levels to meet demand without incurring excess or shortage, ideally in a timely manner.
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