In the 1970s, the Japanese taught the U.S. companies how to boost profits by keeping inventories lean through JIT.

Name: In the 1970s, the Japanese taught the U.S. companies how to boost profits by keeping inventories lean through JIT.
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The Just-In-Time (JIT) inventory system, which focuses on reducing waste and improving efficiency by keeping inventories lean, was popularized by Japanese companies like Toyota in the 1970s and later adopted by U.S. companies.

In the 1970s, the Japanese Taught the U