In the past inventory was often seen as a great asset because it provided protection against uneven demand by maintaining level production However inventory can hide many problems Today inventory is seen as a liability because it ties up capital resources that could be used elsewhere and it drives up costs by requiring additional handling warehousing and management resources Identify a firm currently using a JIT system of materials management and describe the relationships between service level

Answer rating: 100% (QA)

Service level is the probability of not having a stocko... View the full answer