What are some common misconceptions about JIT?
An example of an AI chatbot conversation about common misconceptions regarding Just-In-Time (JIT) manufacturing.
What are some common misconceptions about JIT?
One common misconception is that JIT means having no inventory at all, but it actually means minimizing inventory while ensuring enough to meet demand.
Is JIT only applicable to manufacturing?
Not at all! JIT principles can be applied in various sectors, including retail and healthcare, to improve efficiency.
Does JIT lead to higher costs?
It can lead to lower costs by reducing waste and improving efficiency, but it may require investment in better processes and technology.
What happens if there's a supply chain disruption?
A supply chain disruption can significantly impact JIT systems, as they rely on timely deliveries. Companies often need contingency plans.
Can JIT work for small businesses?
Yes, small businesses can benefit from JIT by reducing excess inventory and improving cash flow, but they need to manage risks carefully.
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