Primary requirement for JIT inventory control system success
What are the primary requirements for a successful JIT inventory control system?
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For a JIT (just-in-time) system to be successful, the supplier must be willing and able to deliver materials immediately and the quality of delivered materials must be high.
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From books of Aggarwal Bors, following information has been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is e
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