M7 Written Assignment 1: Impact of Global Supply Chains on JIT
By Pixabay, CC0-Public Domain
Just-in-Time (JIT) refers to a strategy in which goods are received only as they are needed during production. This approach is used by companies to increase efficiency and reduce waste, basically ensuring that no more is acquired than what is actually going to be used.
Implications of JIT
For this assignment you will look at some implications of JIT. After reading chapter 18 in the textbook, answer the following question in a paper of no more than two (2) pages.
What are the possible impacts or implications of a Global Supply Chain on JIT?
Refer to Text Exhibit 18-6 on page 561, Example JIT Characteristics and Best Practices