Discuss the benefit & disadvantages of JIT.
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1.It is a cost efficient method of holding stock
2.less space needed
3.waste reduction
4.smaller investments
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Advantages Disadvantages
There is less likelihood of stock perishing, becoming obsolete or out of date There is no spare finished product available to meet unexpected orders, because all product is made to meet actual orders – however, JIT is a very responsive method of production
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