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Describe the benefits of employing such a system in economy

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Just-in-time (JIT) inventory systems were first developed by the Japanese and quickly adopted around the globe by many large firms. One of the first to adopt the system in the United States was the automobile industry.

Question 1: In your opinion, is the JIT system a system that can and should be adopted by small, individually owned firms? Why or why not?

Question 2: Would the smaller firms have any advantage in terms of their ability to use such a system? Why or why not?

Question 3: Describe the benefits of employing such a system in the economy.

Question 4: Comment on the postings of two of your classmates. Do you agree with their position? Why or why not?

Question 5: Explain your answers using examples. Comment on the postings of at least two of your classmates. Do you agree with their position? Why or why not?

Reference no: EM132596456

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