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Just-in-Time Inventory Management
This is an approach to dealing with materials inventories that emphasizes the elimination of all waste and the continual improvement of the production procedure. The procedure focuses on policies, procedures, and attitudes by managers and another employee designed to result in the efficient production of high-quality goods while continuously allowing the firm to maintain the minimum level of inventories.
DEFINITIONS OF CLASSIFICATION TERMINOLOGY: Most of the terms with definitions were used for the first time in the first edition of Prolegomena to Library Classification (1937)
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