JIT and Lean Operations are important because they help to eliminate waste and improve efficiency. JIT stands for Just-In-Time, and it is a production methodology that focuses on reducing waste by producing only what is needed, when it is needed. Lean Operations is a philosophy that focuses on eliminating waste in all forms in order to improve quality and efficiency.(pg 616)Both JIT and Lean Operations share the same goal of eliminating waste, but they approach it in different ways. JIT focuses on reducing waste by producing only what is needed, when it is needed. This means that inventory is minimized and only the necessary parts and materials are produced. Lean Operations, on the other hand, takes a more holistic approach to waste reduction. It focuses on eliminating waste in all forms, including overproduction, defects, waiting, unnecessary motion, and transportation.(pg 616)Both JIT and Lean Operations are important because they can help to improve quality and efficiency. JIT does this by reducing inventory and only producing what is needed. Lean Operations does this by eliminating waste in all forms. Implementing either or both of these methods can help to improve your operation. Reference:Operation s Management, 14th edition, William Stevenson Book

Based off Chapter 14 JITand Lean Operations

Read Chapter 14 from the text and get familiar with concepts of "lean" and waste elimination.

Then give a summary explaining JITand Lean Operations based off the chapter

and explain why it's important