Describing the Benefits of JIT
A number of manufacturers recently have moved to a JIT inventory system. JIT systems have a number of potential benefits but also can have negative consequences for a company whose suppliers are not dependable.
Required:
1.Discuss the reasons a company might implement a JIT system.
2. What are the potential benefits of a JIT system?What are the potential negative consequences of a JIT system?
3. Discuss whether you believe the potential benefits outweigh the possible costs.
4. Name a company that has implemented JIT in recent years.
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