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1. Briefly describe JIT inventory management. 2. Describe one (1) type of cost that is minimized with JIT control. 3. In order to use JIT,

1. Briefly describe JIT inventory management.

2. Describe one (1) type of cost that is minimized with JIT control.

3. In order to use JIT, is it better to have high ordering costs or low? Provide one (1) supporting fact to justify your answer.

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