Just-in-time and forecasting

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1. "Just-in-Time (JIT)" Please respond to the following:

1. Develop three examples that illustrate how a manufacturing company of your choice uses JIT, and then determine three to four benefits of JIT for that particular organization. Provide specific examples to support your rationale.

2. Develop three examples that illustrate how a servicing company of your choice uses JIT, and then determine three to four benefits of JIT for that particular organization. Provide specific examples to support your rationale.

2. Forecasting" Please respond to the following:

1. Defend the benefits of the Delphi Method, and suggest two to three situations in which your past or current employer should have used it. Provide specific examples to support your rationale.

2. Compare and contrast the primary differences between a time-series model and a casual model. Debate two advantages and two disadvantages of each model. Provide specific examples to support your rationale.

Reference no: EM132868223

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