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Answer to Question #169478 in Management for RALPH
Question #169478
ABC Ltd. is facing a huge inventory cost and wastage of resources and would want to take the help of JIT and Lean Manufacturing to solve their issues. Can you guide them on the same?
Expert's answer
The company is investing far less cash in its inventory, since less inventory is needed. Less inventory can be damaged within the company, since it is not held long enough for storage-related accidents to arise.
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