Under EOQ approaches, order costs can be minimised by placing large infrequent orders of inventory. However, under

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Under EOQ approaches, order costs can be minimised by placing large infrequent orders of inventory. However, under JIT, inventory-related costs are reduced by ordering frequently and in small quantities. Can you explain why both of these statements are correct?
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Management Accounting

ISBN: 9781760421144

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

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