Carbo is a manufacturing company that produces car parts. They have been experiencing issues with excess inventory, long lead times, and high costs. The company has decided to implement JIT/Lean Production principles to improve their operations.

Task 1: Define the principles of JIT/Lean Production. Discuss the benefits that Carbo can expect from implementing these principles.

Task 2: Assuming you have the role of an Operations Manager at Carbo, develop a plan for implementing JIT/Lean Production. In your plan, address the following points:

- The steps that the company will take to implement JIT/Lean Production
- The challenges that the company might face during implementation and how they can be addressed
- The tools and techniques that the company can use to monitor and measure the success of the implementation

Task 3: Discuss how Carbo can evaluate the success of the implementation of JIT/Lean Production. What metrics can the company use to measure their progress? How often should they evaluate their progress?