Question: How has JIT and Lean thinking impacted supply chain logistics costs and/or efficiencies? Think about the implications of inventory. What are the costs associated with

How has JIT and Lean thinking impacted supply chain logistics costs and/or efficiencies? Think about the implications of inventory. What are the costs associated with inventory? What are inventory carrying costs? Cost of capital? How does JIT reduce the amount of inventory a firm carries? Can true 100% JIT even exist?

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