The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventor

Question

tatuchka [14]

1 year ago

9

The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventor

ies permanently by $444,000. What is the most the firm should be willing to pay for installing the system

Business

1 answer:

Lisa [10] · Answer 1 · 2023-07-23T11:40:33+03:00

The most the firm should be willing to pay for installing the system is $444,000.

<h3>What is just-in-time inventory management?</h3>

just-in-time inventory management is an inventory management system and can be defined as the process in which companies have inventory at hand so as to have inventory to fall back to in case the company want to urgently make use of inventory.

Hence, the most the firm should be willing to pay for installing the system is $444,000 since the company want to reduce the level of inventories permanently by $444,000.

Learn more about just-in-time inventory management here:brainly.com/question/8842151

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