Chapter $20$

Suppose you have been employed by Kam Steels Corporation as a financial manager. You want to change old

inventory ordering system to the just$-$in$-$time inventory method. The shareholders and the CEO of the firm would like to

know how the new would operate and the benefits and disadvantages of the just$-$in$-$time inventory method. By

providing a high$-$quality argument, please explain how the new system $($i$.$e$.,$ just$-$in$-$time system$)$ would operate and its

benefits and disadvantages to the shareholders and the CEO of the firm. $(2$ Points$)$