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Which of the following statements is FALSE of Just-In-Time (JIT) manufacturing systems?
Answer
Demand pull means a closer relationship with the customer.
The power of suppliers is reduced.
Warehousing space and equipment needs are reduced.
After process re-engineering, time to complete the product is reduced.
If revenue=£92 million, purchase costs=£48 million and operating costs=£41 million, and if working capital days are 39 for inventory and 110 for accounts payable, what is the worki
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