Over the last decade, an important transformation has taken place in the nature of manufacturing. New forms

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Over the last decade, an important transformation has taken place in the nature of manufacturing. New forms of production organization pioneered in Japan are out-performing traditional methods of mass production in the west. ‘just-in-time’ system turns upside down many western assumptions about manufacturing, discusses the possibilities and implications of its adoption.

You may address the following issues:

a. Explain the basic characteristics of Just-in-Time system

b. The JIT Concept

c. Key elements in a JIT system

d. Benefits of JIT System


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Managerial Economics

ISBN: 978-1118808948

8th edition

Authors: William F. Samuelson, Stephen G. Marks

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