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The Chief Executive Officer (CEO) of Platnum Inc. has just returned from a management seminar...

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Accounting

The Chief Executive Officer (CEO) of Platnum Inc. has just returned from a management seminar describing the benefits of the justintime philosophy. The CEO issued the following statement after returning from the conference:

This company will become a justintime manufacturing company. Presently, we have too much inventory. To become justintime, we need to eliminate the excess inventory. Therefore, I want all employees to begin reducing inventories until we are justintime. Thank you for your cooperation.

How would you respond to the CEOs statement?

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