July 06, 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?

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    17 Jul 2016, 07:15

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