- Forecast by SKU, cost, item, currencies, margin, country, channel, customer location, etc.
- Drive inventory and safety stock levels according to customer requirements using the Service Level Optimizer
Also: Just-in-Time (JIT) Syn: Just-in-Time.
Buying material, parts, supplies, and so on, for direct use by the departments involved, as opposed to receiving them into stores and subsequently issuing them to the departments. The intent is to reduce inventory investment, increase cash flow, reduce material handling and storage, and provide better service. See: dock-to-stock inventory.
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