The chief executive officer (CEO) of Advent Inc. has just returned from a management seminar describing the
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The chief executive officer (CEO) of Advent Inc. has just returned from a management seminar describing the benefits of the just-in-time philosophy. The CEO issued the fol-lowing statement after returning from the conference:
This company will become a just-in-time manufacturing company. Presently, we have too much inventory. To become just-in-time, we need to eliminate the excess inventory. Therefore, I want all employees to begin reducing inventories until we are just-in-time. Thank you for your cooperation. How would you respond to the CEO’s statement?
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Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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