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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.
Mr. Vincent, the Manager of a large supermarket, was taking a management course in the evening programme at the local college. The Professor had given an interesting but disturbing
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