Question: Define the JIT system (do some research). What are conditions that make JIT system possible? What are pros and cons? For which industry/firms will this

Define the JIT system (do some research).

What are conditions that make JIT system possible?

What are pros and cons?

For which industry/firms will this better work, retailing, or manufacturing?

Please explain.

2. Give an example of a rule that is based on the X theory, and is based on Y theory that you find at your work or somewhere. Discuss pros and cons of each. Which industry would have more X theory based rules ?

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