https://www.wsj.com/articles/auto-makers-retreat-from-50-years-of-just-in-time-manufacturing-11620051251

Auto Makers Retreat From 50 Years of 'Just in Time' Manufacturing Auto Makers Retreat From 50 Years of 'Just in Time' Manufacturing - WSJ.pdf Link to article By Sean McLain | May 3, 2021 Topics: Just-ln-Time Inventory Management, Vertical Integration Summary: The article discusses inventory management from holding safety stock to just-in-time methods. The pandemic has led auto manufacturers to consider their \"biggest transformation in more than half a century....After sudden swings in demand, freak weather and a series of accidents, they are reassessing their basic..." reliance on just-in-time inventory management. "Ford's chief executive, Jim Farley, said he was looking at keeping more inventory. 'Most other industries use safety stock for critical components like [computer] chips,...And many of these companies pay for chips upfront,\" It also refers to vertical integration of operations at Ford Motor Company in the 19205 as well as currently at Tesla Inc. and other companies. Questions: Move the conversation forward. If someone has already posted on any of these questions, don't repeat the information. Add something new. These questions are only to start the conversation. . What is just-in-time (JIT) inventory management? . How did JIT inventory management stem from practices used at grocery stores? . What is a safety stock? ls having a safety stock necessarily at odds with JIT inventory management? . What is vertical integration? What company moved away from vertically integrated operations? What company has adopted vertical integration for parts of its operations? For each discussion board topic I will list several questions to guide and start the discussion. However, you don't need to answer every question in your post. I'm trying to broaden the discussion with ideas. Pick and choose what you want to answer or comment on. You can expand past my questions. I encourage you to expand past my questions as the discussion progresses. Just stick to the topic at hand! Post according to the syllabus online discussion rubric "new and original ideas tangent to the discussion; insightful and reective discussion; reference to and elaboration of ideas through the discussion" and post by the due dates, you will receive your 5 points. Anything less than the above description will be graded by the rubric in the syllabus. If you have questions, contact Aurion. Complete the discussion board requirements. lst post due by Thursday night and 2 replies due by Sunday night. Search entries or author Unread m lTl \\/ Subscribe