Trade credit financing plays a vital role in current business operations. Vendors extend payment dates to encourage sales, and buyers are not required to pay immediately after receiving products. This is equivalent to receiving a price reduction. Besides, buyers reduce their need for capital...

In past two decades, the Japanese successful experience in using Just-In-Time (JIT) production has received a great deal of attention. The underlying goal of JIT is to eliminate waste. This can be achieved through various efforts, such as shortening lead time and improving quality. In this...