What Is a Just-In-Time (JIT)inventory System? What Are the Implications

question 47

Essay

What is a just-in-time (JIT)inventory system? What are the implications of JIT for firms that use foreign sourcing?

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Definitions:

Tarsiers

A genus of small, nocturnal primates with large eyes and long tails, found in Southeast Asia.

Anatomically Modern

Describing human beings that resemble modern humans in terms of skeletal structure and morphology, with features distinct from earlier forms of human ancestors.

H. Sapiens

Homo sapiens, the species name for modern humans, characterized by bipedalism and complex brain development.

Bipedal Locomotion

The ability to move by walking on two legs, characteristic of humans and some animals.