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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
20 / 5408 |
Essay's paper body
Although the just-in-time system of inventory management is not new, it has been fine-tuned over the years with the help of information technology.
With information technology being more widespread and easily accessible, it is almost impossible for businesses to stay ahead of the game if their technological system has not been created in such a way that creates value for the company...
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An article written by Hau L. Lee states that, “the best supply chains aren’t just fast and cost-effective. They are also agile and adaptable, and ensure that all their companies’ interests stay aligned†(October 2004). When the supply chain of a company is agile, it will be able to respond to sudden changes in supply and demand...
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