Inventory management is a practice of tracking and controlling the inventory orders, its

usage and storage along with the management of finished goods that are ready for sale.

Improper inventory management can lead to an increase in storage cost, wastage of labor

resources, increase in idle time and disruption of the supply chain. Evaluate, based on

your opinion, why companies that use Just in Time (JIT) inventory control tend to have

high or low carrying costs. Justify your answer with examples.