Question

How does just-in-time inventory management improve businesses?

Answer 1

Just-in-time inventory management helps businesses reduce costs by reducing the time businesses hold items in their inventories and by decreasing the quantity of unused materials they need to store.

Step-by-step explanation:

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Answer 2

Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they really need them for the production process, which reduces inventory costs. the method requires producers to forecast demand accurately.

Step-by-step explanation:

there is no explanation.