Question

Find a journal article online about just-in-time inventory systems. Provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge.

Answer 1

Just in time is a inventory management method in which focus is highly maintained at managing the waste as well as inventory, which is stuck because it leads to loss into money as well as loss on to resources as it can also cayse opportunity costs.

just in time method always focuses at maintaining an adequate inventory and the requirements should be communicated just in time in order to avoid any kind of higher inventory holdings and westage into inventory because it would help in maintenance of an appropriate level of inventory always in order to avoid any kind of excessive dependence on capital stock in inventory

Just in time is a modernised method of tracking the inventory and maintaining the control by appropriately defining the needs and proper communication and coordination.

it is highly preferred as it leads to adequate control as well as loss of wastage and saving of opportunity cost.