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What is JIT and why is it used? Why is it expensive to carry inventories? What factors should be considered if you are asked to

What is JIT and why is it used?
Why is it expensive to carry inventories?
What factors should be considered if you are asked to reduce inventories by 20 percent?
What factors should be considered in selecting a mode of transportation? A carrier?
What strategies should be developed to effectively manage the logistic function?

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