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3 marksInventory Management

CAPE Management of Business Unit 2 · 2010 · Paper 2 · Question 1(b)(i)

Identify THREE requirements for effective inventory management.

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Other parts of this question

  1. 1(a)Define the term 'Just-in-Time (JIT) operations' and discuss three elements of approach to quality used by JIT systems.[14 marks]
  2. 1(b)(ii)State FOUR reasons why firms hold inventories.[8 marks]

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