Make a post which makes the case for building up inventory levels.
Explain the contract bar doctrine. How would it influence the negotiation of the first labor agreement?
August 4, 2017At its basic theory, what is JIT inventory management all about?
August 4, 2017Many companies build up their inventory levels to:
- Accommodate for uncertainties in demand;
- Take advantage of economies of scale;
- Accommodate for unreliable suppliers;
- Accommodate for quality issues;
- Accommodate for production and scheduling errors.
Yet, JIT and Lean Manufacturing philosophies state that inventory is considered waste and should be eliminated as much as possible.
- Please make a post which makes the case for building up inventory levels.
- Please make a second post which makes the case for using JIT & Lean Manufacturing to eliminate as much inventory as possible.
- Please make a third post in which you choose a company (or industry) and discuss which of these inventory methodologies you would follow and why.
