Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just-in-time (JIT) manufacturing is not just a method of reducing inventory. It is embraced as a philosophy that emphasizes eliminating waste from all processes. Inventory

Just-in-time (JIT) manufacturing is not just a method of reducing inventory. It is embraced as a philosophy that emphasizes eliminating waste from all processes. Inventory is simply a buffer that protects a process against unreliability (such as poor supplier delivery or machinery that breaks down frequently). Reducing inventory levels without correcting the problems that create unreliability will stop production. Constructing a reliable system will eliminate the need for an inventory buffer.

Use your research skills and tell us about what you learned about JIT.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Practice Of Modern Internal Auditing

Authors: Lawrence B Sawyer

1st Edition

B0006C58OA, 978-0894130120

More Books

Students also viewed these Accounting questions