Business Studies, asked by mehtabali1166, 1 year ago

Explain the concept of ‘Just In Time’. Discuss the benefits & disadvantages of JIT.

Answers

Answered by Vaibhavverma73

Just-in-time manufacturing, also known as just-in-time production or the Toyota Production System, is a methodology aimed primarily at reducing times within production system as well as response times from suppliers and to customers.

Previous Question

Next Question

Similar questions

History, 7 months ago

How many people are in this world?

Math, 7 months ago

Note: This is mandatory question and you cannot re-visit this question so please dont move to previous or next question without attempting this Ques A retailer purchases several pens of same cost for Rs384 and then sells some of them for Rs 114 at no loss or gain. What is the least possible number of pens that he will be left with? 3 8 7 9...

History, 7 months ago

which was the most feared security force of the nazi state...

Business Studies, 1 year ago

Explain following terms - Re-Order Point, Safety Stocks, Service Levels.

Business Studies, 1 year ago

Discuss the ‘Basic EOQ’ Model in detail with example.

Math, 1 year ago

Show that (x-2), (x+3) and (x-4) are factors of x³-3x²-0x+24.

Math, 1 year ago

A horse is tied into a pole with 21 m long string find the area where the horse can graze...

Biology, 1 year ago

Pores essential for gaseous exchange and transpiration' - What is it?.