How have many companies significantly lowered inventory levels and costs?

Name: How have many companies significantly lowered inventory levels and costs?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Many companies have significantly lowered inventory levels and costs through the use of a just-in-time method. This involves receiving goods and materials only as needed in the production process, rather than stockpiling them in large quantities. This reduces the need for storage space and minimizes the risk of excess or obsolete inventory.

How Have Many Companies Significantly Lowered Inventory Levels and Costs