A company has recently installed a just-in-time (JIT) inventory system. Descri

 
A company has recently installed a just-in-time (JIT) inventory system. Describe the effect this is likely to have on the company carrying cost, shortage cost, and operating cost?
Your post must be a minimum of 200 words. 
 
Briefly describe the most important concept learned in the course and why you deem it important to you.
Your post must be a minimum of 200 words.