Question: 1 0 ] . . . A company is implementing a Just - In - Time ( JIT ) inventory system and needs to calculate

10]...A company is implementing a Just-In-Time (JIT) inventory system and needs to calculate the reduction in inventory costs. The current system holds an average of 10,000 units of inventory with an annual holding cost of $5 per unit. The JIT system will reduce inventory levels by 60%. Calculate the annual savings in inventory costs and provide a detailed explanation using Excel. [ SOLVE THE QUESTION USING EXCEL ]

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