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Describe the significance of Just-In-Time Inventory System in achieving cost effectiveness.

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Question added by Deleted user
Date Posted: 2014/08/19
Ahmed Said
by Ahmed Said , Cost accounting supervisor , Roots Steel international

Just in time system inventory means that u have no inventory or the less amount of inventory u can have .u can avoid cost of storage , insurance ,fire system and stealing risk costs  .

on the other hand you have to make sure that your supplier will reload your factory with materials at a very accurate time , not to stop the production line and have problem in delivery time  

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