1) What's the philosophy of Just in time strategy? 2) What did Michael Dell do when he started manufacturing computers? 3) What are the disadvantages of holding a large amount of inventory for extended periods? 4) Name advantages and disadvantages of JIT method 5) What is pull system? 6) Why does JIT have to do with Toyota company? 7) What are assets? 8) What is procurement? 9) Define: Raw materials - Work in process - Finished goods - Supplies 10) What is lead time?

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