A company that uses a just-in-time inventory system?

Question

A company that uses a just-in-time inventory system
a. compares its operations to those of world-class companies.
b. may find that having less inventory actually leads to increased customer satisfaction.
c. assesses its value chain to create new value-added activities.
d. adopts a systematic, problem-solving attitude.

Answer 1

A company that uses a just-in-time inventory system
b. may find that having less inventory actually leads to increased customer satisfaction.

JIT inventory control systems are sometimes referred to as zero inventory systems, stockless systems or Kanaban systems. Actually, JIT is a philosophy used to ensure that the right items arrive and leave, as they are needed. Traditionally, incoming raw materials were ordered in very large shipments and were then stored in warehouses until they were needed for production or for providing a service. Under the JIT system, organizations make frequent smaller orders of raw materials. (Rue & Byers, 2000) This enables a firm to save money on storage cost and the expenses associated with it. One of the basic objectives of the JIT philosophy is to eliminate waste. In this light waste is "anything other than the minimum amount of equipment, materials, parts, space, and workers' time which are absolutely essential to add value to the product or service." (Rue & Byers, 2000) JIT also applies to the production of subassemblies or final products. The idea behind this approach is not to produce an item or a subassembly until is needed for shipment to the customer. JIT utilizes a demand pull system because items are produced or ordered only when they are needed (or pulled) by the next stage in the production process. Many American companies have successfully implemented JIT, including Hewlett-Packard, Motorola, Black & Decker, General Motors, Ford, Chrysler, General Electric, Goodyear, and IBM.

Answer 2

ge medical. ingram micro. beardbooks.com

i believe beard books "prints on demand" so they just have blank paper and a computer with a sweet print, cut , bind machine.

talk about "on demand"