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About this document
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- 3 pages
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- Format
- Subject
- Business Management, Supply Chain Management
- Module
- Bus 644 · Week 6
This document discusses the inappropriateness of Just-In-Time (JIT) inventories for certain companies or industries. It provides examples and reasoning for why JIT might not be suitable, helping students understand the limitations of JIT in specific contexts. It is for Week 6 of the course.
What's inside
- Introduction to Just-In-Time (JIT) inventories
- Examples of companies where JIT is inappropriate
- Reasoning behind the inappropriateness of JIT
- Case studies of Sony Ericsson, Willis Risk Management, and Ambrake Corporation
Who it is for: Students taking the BUS 644 course, in Week 6. (Postgraduate)
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Summary
Just-In-Time (JIT) inventories are a supply chain management strategy. Students learn about industries where JIT might not work well, and why.
Discussion Question
Students need to choose companies or industries for which JIT would be inappropriate. They must explain their reasoning with examples.
Sony Ericsson
Sony Ericsson is given as an example of a company where JIT did not work. The company could not respond quickly to supply chain issues.
Wills Risk Management
Wills Risk Management is an insurance company that found JIT made it more vulnerable. The company needed employees with specific skills to use JIT effectively.
Ambrake Corporation
Ambrake Corporation makes precision brakes. The company struggled with JIT because employees did not understand it.
Key terms
- Just-In-Time (JIT)
- A supply chain management strategy that aims to increase efficiency and decrease waste.
- Supply chain
- The sequence of processes involved in the production and delivery of a product.
- Vulnerability
- The state of being exposed to the possibility of being harmed.
- Precision brakes
- Brakes that are made to exact specifications.
- Competitive environment
- A market where companies compete with each other.
- Customer demand
- The quantity of products or services that customers want to buy.
Questions this document helps with
- What are the risks of using JIT in some industries?
- How can a company know if JIT is right for them?
- What skills do employees need to use JIT effectively?
Summary written with AI from the document's text.
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