Explain the Concept of the "Just-In-Time" Inventory Control Technique

question 22

Essay

Explain the concept of the "just-in-time" inventory control technique.Under what circumstances would JIT be most appropriate?

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Definitions:

Transforming Information

The process of changing information from one format or medium to another, often involving interpretation or reorganization.

Strategy Use

The application of planned methods or tactics aimed at achieving specific goals or overcoming obstacles.

Mental States

The condition of one's mind or consciousness, which can include thoughts, beliefs, emotions, and intentions.

Perceptions

The way sensory information is organized, interpreted, and consciously experienced.