Reducing carrying costs and minimizing waste

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Reference no: EM133690559

Question: Apple keeps its inventory lean, utilizing a just-in-time (JIT) inventory management approach. This means that Apple doesn't stockpile excessive inventory. Instead, it orders components and materials as needed, reducing carrying costs and minimizing waste. This approach also ensures that Apple products are always equipped with the latest components and technology.

Reference no: EM133690559

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