Which of the following statements about the just-in-time (JIT) system is true? a. When using the JIT system, a firm should protect itself against uncertainty by maintaining a reserve inventory at production and stocking points. b. The JIT system is used in situations where demand and forecasting are reliable. c. The JIT system is used in situations where inventory will be stored over significant periods of time. d. The JIT system raises inventory costs.

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