joint
cost:
A common cost
in cases where a company produces products in fixed proportions and the cost the
company incurs to produce one product entails producing another; the backhaul is
an example.
joint
rate:
A rate over a route that requires two or more carriers to transport the
shipment.
just-in-time
(JIT) inventory system:
An inventory control system that attempts to reduce
inventory levels by coordinating demand and supply to the point where the
desired item arrives just in time for use.
Just-in-Time
Logistics (or Quick Response):
The process of minimizing the times required to
source, handle, produce, transport, and deliver products in order to meet
customer requirements.
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