Describe Just in Time (JIT) Inventory? What Are Some of the Costs

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The Answer is JIT seeks to minimize or reduce an organization's inventory on hand. In doing so, the organization does not keep its resources invested in inventory, and keeps its costs to a minimum. However, if some inventory is especially important to an organization's mission or operations, JIT can leave an organization exposed to potentially not having critical supplies.

Describe Just in Time (JIT) Inventory? What Are Some of the Costs

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Describe Just in Time (JIT) Inventory? What Are Some of the Costs

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Correct Answer:VerifiedShow Answer

Correct Answer:
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