(Answered) Just-in-time inventory system

Management Studies

Question: The just-in-time inventory system is designed to reduce the inventory period. In essence, companies pay their suppliers to carry the inventory for them. Reducing the inventory period reduces the operating cycle and thus the cash cycle. This reduces the need for financing.

Consider what type of cost is being minimized and what costs are likely to increase. Please, explain Explain your answer and provide examples.

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Operation Management, Management Studies

Category:- Operation Management
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