Explain an Advantage of Using the JIT Inventory System

question 37

Essay

Explain an advantage of using the JIT inventory system. Explain a disadvantage of using this system.

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Definitions:

Distress

The negative consequences and components of stress.

Role Conflict Stress

The stress experienced by an individual when facing incompatible demands or expectations from multiple roles they play in their life or profession.

Effectiveness

A measure of how well a particular method or process achieves its objectives.

Manager's View

The perspective or approach taken by managers in running a business, focusing on strategies, decision making, and leadership.