Final answer:
The Just-In-Time (JIT) management philosophy requires economic assessment, study of potential local subcontractors, and assessment of sales areas to reduce inventory time.
Explanation:
Just-In-Time (JIT) management philosophy requires specific implementation work to be effective:
- Economic assessment to determine the value of existing markets and reduce excess waste areas.
- Study of potential local subcontractors to reduce shipping needs.
- Assessment of areas in the company's sales to minimize on-shelf inventory time.
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