Just$-$in$-$Time inventory management has several

advantages and disadvantages. Which of the

statements below is true.

Advantages: reduced waste, reduced storage

space, smaller investment, disadvantages: risk of

running out of stock, dependency on suppliers,

more planning is required.

Advantages: ability to maintain a flexible

workforce, synchronization of production and

schedules, greater responsiveness to market

demands, disadvantages: limited scalability, greater

production complexity.

Both are true.

Neither is true.