Question: Describe the challenges and risks associated with using a just-in-time (JIT) inventory management system. How would these challenges be addressed or mitigated, tracked and managed?

Describe the challenges and risks associated with using a just-in-time (JIT) inventory management system. How would these challenges be addressed or mitigated, tracked and managed? What specific metrics (Key Performance Indicators, KPIs) would you use to evaluate the status/progress of the JIT challenges/risks that you've identified to ensure these are properly managed. How often would you review and evaluate the metrics

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!