Just-in-Time Inventory System
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How does a just-in-time inventory system benefit a firm? What conditions are needed for its successful use?
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Solution Summary
This solution goes through just-in-time inventory systems within the context of management tools and techniques.
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JIT (just in time) inventory can assist a company in lowering overhead for paying to warehouse products. Since products are shipped in just when they are needed (just in time for usage or shipping out), they don't sit for a long time on the warehouse shelves. The company saves space ...
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