This paper discusses Just-In-Time (JIT) inventory management: Definition, compared to traditional inventory control, implementation, objectives, quality and costs and benefits.
Written in 1995; 2,700 words; 9 sources; $ 95.95
From the Paper:
"Costs associated with inventory make up one of the most critical cost areas within an organization. Whether the company manufactures goods or sells finished products, inventory carrying costs and their component parts can represent a significant portion of the company's cost structure. In addition, having the wrong amount of inventory on hand can result in severe difficulties. Having too much inventory on hand means that extra warehouse space is needed in addition to the costs associated with the inventory itself. In a manufacturing environment, having too little inventory for input goods means that production slows down, or is even halted. In both manufacturing and retail environments, not having enough inventory on hand to meet consumer demand results in lost sales, and lower revenue than would otherwise be realize ... "
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