What are at least three main benefits of the just-in-time system? Explain.
A just-in-time system is a production scheduling system where inventory is only produced when needed. Both the timing and quantities of production are based on customer demand. In a typical manufacturing setting, production planning is based on forecasts of future demand.
Answer and Explanation:
It helps to reduce waste by only producing what is needed when required, thus eliminating the need to produce and store large quantities of inventory...
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fromChapter 10 / Lesson 2
The manufacturing industry as we know it today is largely attributed to the Industrial Revolution. Learn about the origins and regions associated with the Industrial Revolution and its manufacturing industry.