EBK MARKETING
6th Edition
ISBN: 9781259898884
Author: Grewal
Publisher: YUZU
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Chapter 15.4, Problem 6PC
Summary Introduction
To determine: The reason for the popularity of just in time inventory.
Introduction: Just in time is a method which is used by the manufacturing industry to reduce the inventory cost. The just in time method increases the efficiency of the manufacturing industry by reducing the waste of raw material in the production.
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Why have just-in-time inventory systems become sopopular?
How has technology aided inventory management? How have technological improvements is products such as automobiles and computer impacted inventory decisions?
What is inventory management and why are they important for society? How can inventory management be applied to the real world?
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- Why is inventory management a critical operation in business? Can you name at least one major retailer that shot to the forefront of the industry simply because of its innovative inventory management mechanism?arrow_forwardHow does the company implement the inventory management system? Does the system differ from one company to another?arrow_forwardWhat are the inventory management problems for every company? How will an enterprise conquer it?arrow_forward
- How has technology aided inventory management? How have technological improvements inproducts such as automobiles and computers impacted inventory decisions?arrow_forwardHow do organizations manage excess and obsolete inventory effectively?arrow_forwardWhat are the shortcomings in every company's inventory management? And how a business should deal with it.arrow_forward
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY