Business Studies, asked by phaddy1337, 1 year ago

Write a note in Material Management in JIT environment.

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Answered by sharvaridhawad
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The just-in-time inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. ... The JIT inventory system is a shift away from other just-in-case strategies, in which producers hold large inventories to have enough product to absorb maximum market demand.
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