just-in-time stock control

Question 1

what is just-in-time?

Answer 1

part of a technique known as lean production, involved in reducing wastage

Question 2

how does it work?

Answer 2

• reduces the time that stock is stored for by delivering stock just in time for production

Question 3

benefits

Answer 3

• reduces costs associated with storage

Question 4

cons

Answer 4

• if suppliers mess up, it messes up everything