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
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