All entries for Wednesday 06 July 2016
July 06, 2016
JIT-Just-in-time inventory management, the main concept is to reduce the level of organization's inventory and its undoubtedly associated costs. While Just-in-time has trenmendous advantages, for example, free prodcutive capital. It is questionable; are there any challenges? From where i stand, what will happen if something goes wrong with thesuppliers or how organization handle if the unexpected demand rise significantly?. Are there any solutions?.. so far i can find only closely as well as efectively comuicate with suppliers and related department. Your thought?