Name
Managing Agile Organisations & People
ID
Explore the potential challenges associated with J.I.T (just in time) practices and explain the likely
implications of such challenges upon your chosen organisation.
Just in time (JIT) is an inventory management method whereby
materials, goods, and labor are scheduled to arrive or be replenished
exactly when needed in the production process . (Anon., n.d.)
JIT works best for companies using repetitive manufacturing functions;
hospitals, small companies, and other entities may not find JIT feasible.
Possible indicators of a company's use of JIT methods are high inventory
turnover ratios and high asset turnover ratio ratios. Low inventory
balances also mean a company's choice of inventory accounting methods
has minimal impact.
https://www.investopedia.com/ask/answers/040215/what-are-main-problems-jit-just-timeproduction-strategy.asp