The just-in-time JIT) philosophy attempts to reduce costs by reducing:

Question

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The JIT philosophy aims to reduce manufacturing time by producing only what is needed, when it is needed, and in the required quantity. This helps in reducing costs by minimizing inventory and storage costs, reducing defects and waste, and increasing productivity. However, JIT does not necessarily reduce value-added activities or the number of products manufactured; rather, it focuses on optimizing the production process to eliminate waste and increase efficiency.

The Just-In-Time JIT) Philosophy Attempts to Reduce Costs by Reducing