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3 years ago

In a lean system, work-in-process inventory is reduced to reveal production problems, which can then be

Business

1 answer:

Y_Kistochka [10]3 years ago

8 0

Answer:

Explanation:

Lean system, also called lean manufacturing, is a continuous elimination of waste from all process, using the ideas of all employees, especially those at the lower levels of the organization.

Process of Inventory Tracking:

-Sensors. to track real time movements and location of raw materials, work in progress and finished goods, and high value tooling.

-Analytics. to optimize inventory on hand and automatically signal for replenishment.

Advantages:

-This process freeing up employees for more valuable tasks.

-Inventory accuracy.

-Cost cutting.

-Improved data visibility.

-Preventing stock issues.

-Better customer service.

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3 years ago

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Hitman42 [59]

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3 years ago

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Good cash management is an essential job of the financial manager. You own a small auto sales business called King Kars. You sto

nikdorinn [45]

Answer:

Explanation:

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The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.

bija089 [108]

Answer:

28.06

Explanation:

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Hope this helps.

Good Luck.

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3 years ago

Explain just in time(JIT) approach?

amm1812

is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

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