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Supply Chain Event Management: Proactive Supply Chain Visibility

Published By: Inovis     Published Date: Aug 06, 2007
When companies adopted Just-In-Time (JIT) tactics, they did so primarily to reduce inventory costs. For the most part, this strategy worked. Reducing stocks of raw materials, parts, assemblies and finished goods reduces carrying costs, allowing companies to invest the freed-up funds in more productive assets and projects.
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supply chain, scm, supply chain management, inovis, spend management, cost control, inventory, inventories
    
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