Explain How Companies Using JIT Systems Can Reduce Risks Associated

question 71

Essay

Explain how companies using JIT systems can reduce risks associated with a global supply chain that operates on just-in-time principles.

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Definitions:

Competition

A situation in which individuals or groups strive against one another to achieve a goal that is limited and cannot be shared.

Melting-pot View

The perspective that different cultures, peoples, or societies blend together into a single, homogeneous culture, losing their individual identities.

Multicultural View

An approach or perspective that recognizes, respects, and values diversity in culture, ethnicity, and identity among individuals within a society.

Integration

The process of combining or incorporating parts into a whole, often used in the contexts of social inclusion and the combination of different societal groups.