just in time production Flashcards
1
Q
What is just in time production
A
A production method used to ensure that supplies are only delivered and output is only released as it is demanded
2
Q
Benefits of lean production
A
Lower storage costs, less storage of raw materials and less storage of finished products
3
Q
Drawbacks of lean production
A
Lower EoS
If there is a problem with suppliers there is no spare stock to meet demand and suppliers may be unable to meet unexpected increases in demand
