Just-In-Time (JIT) Inventory Policy
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Description
The just-in-time inventory policy seeks to have production inputs (both raw materials and work-in-process) delivered to the manufacturing site just as they are needed
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Just in time %28business%29
Learning Material
Covered in Topic(s)
Functional Business Processes |
Inventories & the COGS |