Project #8259 - Finance

JIT management ideally allows a firm to lower inventory holding costs and add to the bottom line.  Certain industries lend well to adopting this management style and some prevent it.  If a firm competes in an industry with low profit margins, is is vital that they identify cost saving measures to implement or they will have negative contribution margins and fail.

Please describe in your own words JIT management and explain its usefulness in implementation.  Please identify the costs that are saved in utilizing it and the inherent risks in dong so.  Please focus on the value it adds to shareholders and cite 1 example of firm that adopted it or pioneered its concept. You must cite at least 2 sources.

Subject Business
Due By (Pacific Time) 06/29/2013 09:00 pm
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