Solution-Just in time production systems seek to reduce the

Just in time production systems seek to reduce the amount

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Just in time production systems seek to reduce the amount of material, work in process, and finished goods inventory. However, companies must hold some amount of inventory to buffer themselves from various negative events. List three such events and briefly indicate why they require holding a buffer inventory.

Reference no: EM13934713

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Just in time production systems seek to reduce the amount

Reference no: EM13934713

Reference no: EM13934713

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