What is just-in-time jit inventory system what are the, Financial Management

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What is just-in-time jit inventory system what are the

1. What is just-in-time (JIT) inventory system?

2. What are the advantages and disadvantages of JIT systems?

3. Can JIT inventory systems be used by healthcare providers? Explain your answer. On a typical day, park place clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear. What is the clinic’s average net flow?

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