Describe and Explain Several Benefits and Downsides of a Just-In-Time

question 37

Essay

Describe and explain several benefits and downsides of a Just-in-Time inventory program.

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Definitions:

Discounted

A reduction applied to the price of goods, services, or securities, or the process of calculating the present value of a series of future cash flows.

Simple Interest

Interest calculated only on the initial principal of an investment or loan over a specified time period.

Contract

A legally binding agreement between two or more parties outlining obligations, rights, and conditions.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and repaid at maturity.