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Pyramid Printing Company's controller, Pete Roberts, and production manager, Darrell Dailey, continue to discuss potential operational improvements that may improve results. Darrell recently attended a seminar on just-in-time (JIT) inventory management methods. He mentions to Pete that colleagues who also attended the seminar recently implemented JIT and realized tremendous benefits in minimizing inventory investment. "Pete, we may even be able to sublet the warehouse space if we are able to curtail inventory investment," Darrell offered.

Pyramid Printing now has an MRP planning system. Compare and contrast JIT and MRP. Name an advantage and a disadvantage of each. How would a conversion from MRP to JIT be accomplished?

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