All entries for Wednesday 06 July 2016

Just in time inventory management challenge

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?

: 06 Jul 2016 19:14 |  Comments (1) |  Close comments |  Report a problem