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Maintaining a desired level of inventory in any business entity is a very critical activity. Ensuring that adequate supplies are always available go a long
Maintaining a desired level of inventory in any business entity is a very critical activity. Ensuring that adequate supplies are always available go a long 'may in determining the success or failure of an organization. With reference to this context, critically discuss the concept of just-in-time management system {JIT}. By using an example of your own, elaborate on its salient features and explain how they might aid the management to take important decisions. [30 marks)
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