Question

The JIT movement has long argued that firms should:
a. Maximize their process flexibility so that ordering costs are minimized;
b. Stabilize demand levels;
c. Shrink lead times as much as possible; and
d. Assign much higher holding costs to inventory than has traditionally been the case.
Using the EOQ and ROP formulas, explain how such efforts would be consistent with JIT's push for lower inventory levels.



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  • CreatedApril 10, 2015
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