Tag: Cost Efficiency
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Disintermediation
Disintermediation removes intermediaries from transaction processes, enabling direct links between producers and consumers. Initially seen in finance, its relevance has expanded with technological progress, influencing sectors such as retail and media.
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Just-in-Time
Originating in Japan, the Just-in-Time (JIT) methodology emphasizes the timely delivery of goods and services. By aligning production with real-time demand and advocating for minimal inventory, JIT promotes efficiency across various sectors.