How can companies mitigate those risks

Assignment Help Operation Management
Reference no: EM132139968

JIT helps companies to reduce inventory and save costs, while increasing efficiency. By implementing a structured JIT system, companies can reduce the risk of inventory spoilage and ensure that materials and inventory are on hand when needed. What risks does this type of system entail though, and how can companies mitigate those risks?

Reference no: EM132139968

Questions Cloud

Through effective internal communication assigned : Respond to the main points of Transformational Leadership through Effective Internal Communication assigned by two or three questions with answer
One of the negative risks and one of the positive risks : How you determined the scores for one of the negative risks and one of the positive risks.
Company for financing its working capital needs : What would be your recommendation to the company for financing it's working capital needs.
Apparent working capital management policies : How do the 2 companies differ in their apparent Working capital management policies? Which policy do you think is better and why?
How can companies mitigate those risks : What risks does this type of system entail though, and how can companies mitigate those risks?
In order to maintain and sustain competitive advantage : In order to maintain and sustain a competitive advantage, companies continue to analyze their overall strategy in light of their current situation.
Merchandise from different suppliers be coordinated : How can handling of merchandise from different suppliers be coordinated? What inventory functions can be done during non-store hours?
The material management cycle is effective : Explain how the healthcare administrator can ensure that inventory management and the material management cycle is effective.
There are four categories of the tort of invasion of privacy : There are four categories of the tort of Invasion of Privacy. Since so many celebrities become famous by exposing their private lives,

Reviews

Write a Review

Operation Management Questions & Answers

  Describe the pathway is it customer or provider routed

In the bookstore, describe the pathway- is it customer- or provider routed?

  The degree to which quality characteristics are designed

The degree to which quality characteristics are designed into the product is commonly referred as

  Training and development professional

What might motivate employees to share their knowledge and skill in a personal profile on a social networking intranet portal? Why would that information be helpful to you as an HR or Training & Development professional? Be specific.

  Polarization among pro union and pro company employees

Union labor organization attempts often generates significant polarization among pro union and pro company employees.

  Steps of control-changes in management

Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively ..

  Estimates the average cost of her scented candles

Hilda estimates the average cost of her scented candles is $11 regardless of how many candles she makes on that day. She adds a standard markup to the $11 estimate to determine her price. Which pricing method is Hilda using?

  Mean to obtain cover after seller breaches contract

What does it mean to obtain cover after a seller breaches a contract? Why does the buyer in this situation obtain cover?

  Reflects benefits and challenges of management by objectives

Which of the following statements accurately reflects the benefits and challenges of management by objectives (MBO)?

  What would your order quantity be if you take this discount

The Q Milk Co. is a distribution company located in Madrid, that produces and distributes dairy products and beverages in Spain.

  True of a campaign theme

Which of the following is true of a campaign theme?

  Illustrate what is capacity balance

Illustrate what is capacity balance also explain why is it difficult to achieve in practice. Discuss the methods that might be available to a business to address capacity imbalance.

  Changes with supply chain system with one or few suppliers

When using the “three quotes” system and how that changes with a supply chain system with one or few suppliers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd