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...

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?


3. What are the potential negative consequences of a JIT system?


4. Discuss whether you believe the potential benefits outweigh the possible costs.


5. Name a company that has implemented JIT in recent years.




May 26, 2022
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