inventory management

What Are The Advantages And Disadvantages Of JIT?

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What Are The Advantages And Disadvantages Of JIT? Pros Cons Improved Efficiency Unexpected Price Changes Higher Inventory Turnover Ratios Challenges Brought By Sudden Change Minimal Inventory Obsolescence Order Issues Smaller Delivery Quantities Local Sourcing Costs What are the advantages of JIT? More cost efficient production. Continuous quality improvement. Waste Elimination. Improve productivity. Improve supplier relationships.

What Is The Basic Purpose Of Inventory Analysis?

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What Is The Basic Purpose Of Inventory Analysis? What is the basic purpose of inventory analysis? To specify when items should be ordered and how large the order should be. What is the purpose of inventory analysis? Inventory analysis is the process of examining inventory to determine the optimum amount a business should carry. By