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What is one key difference in JIT in a service environment from a manufacturing environment?
In service industry the just in time pertains to delivering schedule while in a manufacturing environment , JIT is used for batch completion.
Benefits of Just-In-Time JIT Production Systems?
Reduces the number of goods in process (goods not yet finished)Minimizes inventory costsReduces inventory storage space requirementsReplaces stop-and-go productionDisruptions are visible and get resolved quicklyContinuous improvement of the process
Why is it important to minimize inventory in a Just-in-Time system?
By taking a JIT approach to inventory and product handling, companies can often cut costs significantly. Inventory costs contribute heavily to the company expenses, especially in manufacturing organizations. By minimizing the amount of inventory you hold, you save space, free up cash resources, and reduce the waste that comes from obsolescence.
How do you call someone who uses the products made by industry?
If your question is "What do you call someone who uses the products made by industry?", you call him a consumer.
What is agricultural industries?
Industrialized Agriculture uses heavy equipment and large amounts of financial capital. It also uses pesticides to produce single crops or monoculture.
