An analysis of the benefits and implications of implementation of the just-in-time (JIT) inventory systems for businesses.
Written in 2008; 1,056 words; 5 sources; APA; $ 37.95
Paper Summary:
This paper discusses the philosophy behind and the implementation of the just-in-time (JIT) inventory systems for businesses. It looks briefly at the aims and the benefits of the JIT inventory system, particularly in reference to its ability to improve quality. Finally, the paper discusses the implication of the JIT inventory system, particularly in relation to global operations management.
From the Paper:
"Therefore, JIT has a series of important positive implications, as it also reduces waste, costs, and time. But this method also has negative implications in certain unusual situations. These negative implications occur not because of JIT method itself, but because of other factors, independent from JIT, the company in cause, or the product that is being manufactured or distributed. These negative implications may emerge due to external factors that cannot be influenced by the company, no matter what strategies it may follow."
"Chrysler had to go through such a situation, when because of the September 11 events, the company's transportation system and the later distribution process was turned upside down. Such situations cannot be anticipated, and therefore, there is no possibility to prevent them from emerging and from negatively affecting the company."
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