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September 14, 2020

A Just-in-Time (JIT) system is an inventory management syste

A Just-in-Time (JIT) system is an inventory management system designed to deliver less merchandise on a more frequent basis than traditional inventory systems. Firms get the merchandise just-in-time for it to be used in the manufacturing of another product, or to sell. The benefits of a JIT system include reduced lead time, increased product availability, and lower inventory investment. However, JIT systems can complicate the distribution function and create high transportation and logistics costs due to frequent deliveries. Review JIT systems and answer the following questions.A JIT inventory system appears to be an important success factor for large retailers like Zara and Forever 21. Would it work well for a small or local retailer as well?a) Choose a local retailer and examine the advantages and disadvantages of its use of a JIT system.b) Do you believe it should use JIT? Explain.Location: Los Angeles

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