Dell Corporation is one of the leading car manufacturers with its main rival being the IBM Company. It has been a very successful firm that has gained exceptional sales accomplishments because of its unique direct marketing model. One of the main reasons for this companys success is because it has transitioned into adopting the JIT manufacturing system, a system first pioneered by Toyota.

Required:

1. Clearly explain the concept of Just-in-Time (JIT) and briefly identify at least 4 problems such a sytem is designed to overcome. (10 Marks)
2. In your opinion, what would be the requirements of a company like Dell to successfully implement the JIT system? (5 Marks)
3. Identify and briefly discuss 5 advantages and 5 disadvantage of implementing such a system. (10 Marks)
4. Analyze and briefly explain how the JIT has benefited Dell. (5 Marks)
5. Explain how such a system can benefit and be applied to an ecommerce retail company? (5 Marks)