Asked by Growing with Hussein on Apr 25, 2024
The main focus of JIT efforts to reduce investment in inventory requires ________.
Inventory
The total amount of goods and materials held by a company at a given time, including raw materials, work-in-progress, and finished goods.
- Comprehend the fundamentals of JIT and its utilization for gaining competitive edge.
- Differentiate between just-in-time actions and actions not following the just-in-time principle in the context of inventory management.
Learning Objectives
- Comprehend the fundamentals of JIT and its utilization for gaining competitive edge.
- Differentiate between just-in-time actions and actions not following the just-in-time principle in the context of inventory management.
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