Just In Time

[dinosaur93]

HELP! What are the advantages and disadvantages of Just-in-time inventory management
the following stuff below are just brainstorm and not sure whether or not in the right track..



Just-in-time is an inventory management system that aims to avoid holding back stocks and consume valuable warehouse spaces. Suppliers are encourage to deliver component parts, or finished products that are ready for distribution right after stocks are consumed through automation (eg. Electronic Data Interchange, B2B.). In this way, cost and wastage (expired stocks) can be minimised.

What are some of the advantages and disadvantages of Just in time inventory management?

anything else to add??

[RobDog]

Another advantage could be that because there is little need for storage space, the space that originally was or was going to be storage can now be used to increase productivity, as new machinery and workplaces can be constructed there, allowing additional work to be done.

[xdecay]

how is it more environmentally aware though? by having constant deliveries i would think it's the opposite.

are you going to justify it by saying there will be no obsolete stock because they are all being used up?