=+El 0-23 The chief executive officer (CEO) ofLoidsland Inc. hasjust returned from a management Just-in-time principles seminar describing the benefits ofthe just-in-time philosophy. The CEO issued the following Obj 7 statement after returning from the conference:

This company will become a just-in-time manufacturing company. Presently, we have too much inventory. To become just-in-time we need to eliminate the excess inventory. Therefore, I want all employees to begin reducing inventories until we arejust-in-time. Thank you for your cooperation.