It Is Well Documented That JIT Reduces Physical Inventory Level

True/False

It is well documented that JIT reduces physical inventory level. Reductions in physical inventory will also have a favorable impact on:
Reduced insurance premiums associated with the storage of inventory.Reduced inventory holding costs.Reduced labor cost in store rooms and material handing costs.Reduced clerical and administrative costs.Reduced waste from the manufacturing process.Reduced obsolescence costs.Reduced deprecation of handling and storage equipment.ach of the cost savings will result in a leaner more profitable operation.