There are two ways of managing inventory, Economic Order Quantity (EOQ) and Just-in-Time (JIT). Compare and contrast the benefits of EOQ and JIT. Discuss when it is beneficial for a company to switch from the EOQ to the JIT purchasing policy. Conduct some research and identify a manufacturer that is using EOQ and a manufacturer that is using JIT. Discuss why it is appropriate for the manufacturer to select EOQ or JIT. Do some companies use both methods under different circumstances? Explain why a company should use both methods.