Question
In contrast, JIT views inventory as a liability and limits output t o the demand of the subsequent operation. Reductions in inventory levels result in less money invested in idle assets; reduction of storage space requirements; and l ower inventory taxes, pilferage, and obsolescence risks
Answer
In contrast, JIT views inventory as a liability and limits output to the demand of the subsequent operation. Reductions in inventory levels result in less money invested in idle assets; reduction of storage space requirements; and lower inventory taxes, pilferage, and obsolescence risks
