Question: JIT can have a significant financial impact on an organization. Smaller deliveries of raw materials or subassemblies on an as-needed basis can save an organization
JIT can have a significant financial impact on an organization. Smaller deliveries of raw materials or subassemblies on an as-needed basis can save an organization from having to keep millions of dollars of capital tied up in inventory stock that may, if left too long, expire or become outdated if a “new and improved” alternative is developed.
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While JIT has great financial impact it can also have the reverse impact If ... View full answer
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