Stock control-J.I.T

Question 1

what is J.I.T

Answer 1

.just in time-a type of lean production
.the business forms a relationship with their supplier
.the supplier delivers products JUST IN TIME for selling to customers

Question 2

+ve and -ve of JIT

Answer 2

.no cost on spending money for storage
.reduces breakages, esp w perishable goods
.reduced costs associated with storage as no products are left in warehouses as products go straight down the production line
.if suppliers deliver late then the whole production line stops