What Advantages Are Obtained from the Use of a Just-In-Time

question 106

Short Answer

What advantages are obtained from the use of a just-in-time inventory system?
Suppliers can be less quality conscious and thus will have lower costs
The production system becomes an intermittent process
The warehousing function increases in importance
The number of goods in process is drastically reduced
Quality of finished products increases

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Definitions:

Positive Perceptions

The tendency to view situations, actions, or conditions in a favorable light.

Contingency Variable

A variable that modifies the relationship between two other variables under certain conditions or situations.

Fiedler's Contingency Theory

A leadership theory proposing that the effectiveness of a leader is contingent upon the match between the leader's style and the situation's demands.

Situational Favourableness

This term describes the degree to which a particular setting or context supports or enhances the potential for successful outcomes.