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Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Just-in-time Inventory

Updated on 2023-08-29T11:59:15.460573Z

Just-in-time Inventory is an approach to boost efficiency and reduce waste. This is practiced wherein exclusive goods needed in the production process are received, consequently shunning the inventory costs. Breaking down the concept, this inventory management system has the aim to have inventory readily available to meet demand, while avoiding unnecessary stockpiling.

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