Identify the types of inventories Ford Motor Company currently manages, describe their essential inventory characteristics and concepts of inventory, and describe all the inventory elements Ford provides to customers. Use the below information for context: Just-In-Time: Ford often uses a "just-in-time" inventory system. This means they get parts from suppliers exactly when they need them. It helps reduce storage costs and ensures fresh components for assembly. Minimizing Waste: By managing inventory carefully, Ford can minimize waste. Too much inventory can lead to unused parts, while too little can halt production. So, it's like a delicate balancing act