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Just in Time Inventory Control

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A strategy to increase efficiency by receiving goods only as they are needed in the production process.

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Inventory Storage and Warehousing

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The process of storing goods in a warehouse until they are needed for production or sale.

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Methods and Types of Production

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Different approaches to producing goods, such as batch, mass, and job production.

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Quality

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The standard of something as measured against other things; a degree of excellence.

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Ethical and Environmental Issues

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Concerns related to the moral principles and environmental impact of business operations.

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Technology in Operations

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The use of technology to improve efficiency and effectiveness in business operations.

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Inventory (Stock)

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An expensive item to an organization, sometimes accounting for as much as 30% of total assets held.

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Inventory Management

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Balances production needs with the costs of holding inventories.

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Correct Quantities of Materials

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Essential to avoid production delays or unproductive money.

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Low Inventory

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Can delay production; high inventory ties up funds.