How many finished inventories are kept in a Just in time production system?
Question
How many finished inventories are kept in a Just in time production system?
Solution
In a Just-In-Time (JIT) production system, the goal is to have zero or minimal finished inventories. This system is designed to produce goods as they are needed in the production process, reducing the need for storage of finished goods. However, the exact number can vary depending on the specific needs and efficiency of the production system.
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