Question: Please answer questions 1 and 2 1) How can a just-in-time system reduce inventory costs? Is it a realistic form of inventory control? Since organizations
Please answer questions 1 and 2
1) How can a just-in-time system reduce inventory costs? Is it a realistic form of inventory control? Since organizations are only ordering supplies as needed, if a crisis occurs such as bad weather, etc., does Just-In-Time scheduling weaken the organization's preparedness
2) Is the concept of total quality management out of date?
Definitions of Just-in-time - Inventory controls help save costs - and make sure that inventory is adequate for current demand but not so large that there is expensive surplus inventory. Just-in-time scheduling (JIT) is when inventory arrives exactly when it is needed for production or sale.
Definition of Total Quality Management - Total Quality Management (TQM) is the process of emphasizing quality as an objective and striving for zero defects in products or services.
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