Question: 1 . Just - in - time ( JIT ) is an inventory management method in which goods are received fromsuppliers only as they are

1. Just-in-time (JIT) is an inventory management method in which goods are received fromsuppliers only as they are needed. The main objective of this method is to reduce inventoryholding costs and increase inventory turnover.a. Explain TWO (2) advantages and TWO (2) disadvantages of Just In Time (JIT)concept b. Explain how JIT concept able to contribute to cost saving?

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