Answered: List the principles of "Just in time."

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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List the principles of "Just in time."

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Just in time is an inventory administration system that adjusts crude material requests from providers straightforwardly with creation plans. Organizations utilize this stock procedure to build productivity and reduction squander by accepting merchandise just as they need them for the creation cycle, which decreases stock expenses. This technique expects makers to gauge request precisely.

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