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Explain just-in-time (JIT) inventory system

      

Explain just-in-time (JIT) inventory system.

  

Answers


Ruth
It is an inventory strategy that companies employ to increase efficiency and decrease wastes by receiving goods only as they are need in the production process thereby reducing inventory costs. This method requires that producers are able to accurately forecast demand.

NatalieR answered the question on June 13, 2022 at 09:37


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