Question: The Just-In-Time (JIT) inventory system is a management strategy that aligns raw material orders from suppliers directly with production schedules. Companies use the JIT inventory method to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. Consider a company that has recently implemented a JIT system for its manufacturing processes. (a) Explain the key principles and benefits of the JIT inventory system. (b) Discuss potential risks or challenges a company might face when implementing a JIT system and how they can mitigate these risks. (c) How might a sudden external disruption, such as a global pandemic or natural disaster, affect companies that heavily rely on JIT systems? Recommend strategies to manage these unexpected disruptions