Just-in-time inventory

Just-in-time inventory Assume the inventory ratio for Walmart is based on a traditional inventory system, but globalized markets and the supply chain make it critical to adopt lean principles to create a more efficient system. Discuss what a change to a Just- In- Time inventory system would have if adopted. Answer Preview.. ????? JIT systems control work flow by bringing in materials and sending out goods on demand?ideally, just enough to provide what consumers want and no more?(John T. Williams). The Japanese auto industry developed this system to help eliminate the short comings that were come along with the outdated inventory system. The major benefit that retail stores such as Walmart would be the ability for them to save on the floor space of their storage areas whereby they can put into use through creation of a retail store without necessarily expanding.. APA 320 Words

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