What are at least three main benefits of the just-in-time system? Explain.

Question:

What are at least three main benefits of the just-in-time system? Explain.

Just-In-Time System:

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:

Become a Study.com member to unlock this answer!

View this answer

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...

See full answer below.


Learn more about this topic:

Loading...
Manufacturing Industry: Origin and Regions

from

Chapter 10 / Lesson 2
5.7K

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.


Related to this Question

Explore our homework questions and answers library