Question

Role of jit inventory in global supply chain management

Answer 1

hey mate..

Minimizing waste is one of the basic objectives of JIT system. This requires the effective management of inventory throughout the entire supply chain. A manufacturing enterprise will initially seek to reduce inventory and improve operations within its own organisation?

Answer 2

Explanation:

JIT is the key tool which is used to reduce the cost burden of high inventory. It helps to evaluate the actual stock level in supply chain and determine the optimum stock level. ... Low Inventory holding cost and warehouse cost. Better supply chain management.