Homework $6$

$(10$ pts$)$ What trade$-$offs are involved in shifting from a traditional operations system to a lean system for a manufacturing firm? For a service firm? $|$

$(10$ pts$)$ Given the complexities and risks involved with supply chains, might it make sense for a business organization to vertically integrate and be its own supply chain? What are the pros and con of this?

$(10$ pts$)$ "Imagine you are managing a production line in a JTT manufacturing facility, and you encounter an unexpected quality issue that is disrupting your production schedule. Describe how you would utilize AI$-$powered chatbots or conversational AI$,$ such as ChatGPT, to address this issue efficiently. Specifically, outline the steps you would take, including the questions you'd ask the AI$,$ the information you'd expect to receive, and how you'd incorporate the AI's responses into your decision$-$making process. Discuss the potential advantages and limitations of using AI in this JIT scenario."