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What is meant by JIT system? Why would a company pursue this type of system (provide practical example)

Logistic and Purchasing course. Please look at question#7 and give me one page and references, 1 or 2 references will be ok.
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Assignment ID
59013
Discipline
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CREATED ON
November 7, 2016
COMPLETED ON
November 9, 2016
Price
$40
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