What are the risks of just-in-time inventory?
An example of an AI chatbot conversation about the risks of just-in-time inventory management.
What are the risks of just-in-time inventory?
Just-in-time (JIT) inventory can reduce costs but poses risks like supply chain disruptions and stockouts.
Can you explain how supply chain disruptions affect JIT?
Certainly! Supply chain disruptions can lead to delays in receiving materials, causing production halts and missed deadlines.
What happens if there's a sudden increase in demand?
A sudden increase in demand can result in stockouts, as JIT minimizes inventory levels, making it hard to meet customer needs.
Are there any industries where JIT is particularly risky?
Yes, industries like automotive and electronics, where demand can fluctuate rapidly, often face significant JIT risks.
How can companies mitigate these risks?
Companies can mitigate risks by diversifying suppliers, maintaining safety stock, and improving demand forecasting.
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