Just-in-time or lean management substitutes information for inventory throughout the supply chain, requiring accurate information on a real-time basis.

Question

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Just-in-time (JIT) or lean management emphasizes reducing inventory levels and relying on accurate, real-time information to ensure that materials and products are available when needed, thus substituting information for inventory throughout the supply chain.

Just-In-Time or Lean Management Substitutes Information for Inventory Throughout the Supply