Under a Just-In-Time Inventory System,a Company Can Reduce the Amount

question 97

True/False

Under a just-in-time inventory system,a company can reduce the amount of working capital it needs to finance inventory,freeing capital for other uses and/or lowering the total capital requirements of the enterprise.

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Definitions:

Irreversibility

The characteristic of a process or decision that cannot be undone or reversed once it has been initiated.

Social Sustainability

Practices and strategies that promote the well-being of individuals and communities in a way that can be maintained over the long term without depleting resources or causing harm.

Supply Management

The oversight and administration of materials and services inputs, including procurement, inventory control, and vendor selection, to meet business needs.

Hazardous Waste

A category of waste materials that are dangerous or potentially harmful to human health or the environment.