Just-In-Time replenishment: It is abbreviated as JIT, which is one of the inventory strategies. It helps the organization to increase efficiency and decrease waste as well as reduces response times from dealers and to customers. The main advantage of JIT is cost effective. JIT method requires manufacturers to predict demand accurately. Point-Of-Sale: It is abbreviated as POS, which is nothing but the time and place where a trade transaction is completed. Here, the merchant calculates the amount owned by the customer by using devices like barcode scanners, cash registers, etc. Now-a-days businesses are adopting POS systems.

Question

Want to see the full answer?

Answer 1

Question

Chapter 9, Problem 9HMP

Program Plan Intro

Just-In-Time replenishment:

It is abbreviated as JIT, which is one of the inventory strategies. It helps the organization to increase efficiency and decrease waste as well as reduces response times from dealers and to customers. The main advantage of JIT is cost effective. JIT method requires manufacturers to predict demand accurately.

Point-Of-Sale:

It is abbreviated as POS, which is nothing but the time and place where a trade transaction is completed. Here, the merchant calculates the amount owned by the customer by using devices like barcode scanners, cash registers, etc. Now-a-days businesses are adopting POS systems.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

The images I have uploaded are the part 1 to 4 and questions below are continue on the questions uploaded 5. C++ Class Template with Method Stubs #pragma once #include <iostream> #include <string> #include <stdexcept> #include <vector> template <typename T> class HashTable { private: struct Entry { std::string key; T value; bool isOccupied; bool isDeleted; Entry() : key(""), value(), isOccupied(false), isDeleted(false) {} }; Entry* table; size_t capacity; size_t size; double loadFactorThreshold; size_t customHash(const std::string& key) const { size_t hash = 5381; for (char c : key) { hash = ((hash << 5) + hash) + c; } return hash; } size_t probe(const std::string& key, bool forInsert = false) const; void resize(); public: // Constructor HashTable(size_t initialCapacity = 101); // Big…

this project is NOT for graded(marks) purposes, please help me with the introduction. give me answers for the project. i will include an image explaining everything about the project.

Java Graphics (Bonus In this lab, we'll be practicing what we learned about GUIs, and Mouse events. You will need to implement the following: A GUI with a drawing panel. We can click in this panel, and you will capture those clicks as a Point (see java.awt.Point) in a PointCollection class (you need to build this). The points need to be represented by circles. Below the drawing panel, you will need 5 buttons: O о о ○ An input button to register your mouse to the drawing panel. A show button to paint the points in your collection on the drawing panel. A button to shift all the points to the left by 50 pixels. The x position of the points is not allowed to go below zero. Another button to shift all the points to the right 50 pixels. " The x position of the points cannot go further than the You can implement this GUI in any way you choose. I suggest using the BorderLayout for a panel containing the buttons, and a GridLayout to hold the drawing panel and button panels. Regardless of how…