What benefits may result from use of a just in time system?
What will be an ideal response?
Answers will vary
A just in time system reduces the amount of inventory that a business holds. Therefore, the inventory holding costs (theft, obsolescence, damage, financing costs, warehousing costs, and others) will be reduced. Inventory holding costs are non-value-added costs that a business should seek to reduce. Additionally, a just in time system may improve the flow of products to customers and may actually improve customer satisfaction.
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