Explain methods to reduce or eliminate problem inventories


Problem:

The three methods to reduce or eliminate problem inventories are Just-In-Time (JIT) manufacturing strategies, enhanced forecasting, and lead time reduction. Explain this thru an introduction, followed by bullet points or subheadings in elaboration of ideas of recommendations, and close it with a conclusion. Provide explanation of the three methods in 300 words only.

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Other Management: Explain methods to reduce or eliminate problem inventories
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