Just$-$in$-$Time $($JIT$)$ Management: JIT involves ordering and receiving materials as needed in the production process, reducing inventory holding costs. It relies on efficient coordination to minimize lead times and waste, ensuring materials are available when needed for production.Materials Requirement Planning $($MRP$)$: MRP is a computerized inventory system that schedules production and manages inventory by calculating the quantity and timing of materials needed based on production schedules, lead times, and existing inventory levels.Economic Order Quantity $($EOQ$)$: EOQ is a formula determining the optimal order quantity to minimize total inventory holding and ordering costs. It balances holding excess inventory costs against placing frequent orders, optimizing inventory management efficiency.

Days Sales of Inventory $($DSI$)$: DSI measures the average days a company holds inventory before selling. A lower DSI suggests efficient inventory turnover, while a higher DSI may indicate slower sales or excess inventory levels.

List $5$ advantages and $5$ disadvantages for these methods