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3 February, 06:58

Describe three advantages and three disadvantages of JIT?

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  1. 3 February, 09:51
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    Answer and Explanation:

    JIT stands for Just In Time Inventory is one where cost is decreased and hence efficiency is increased by reduction in waste.

    Advantages of JIT are:

    An increase in productivity Waste elimination Improved product quality

    Disadvantages of JIT are:

    Chances and risk of running out of stock Requirement of big amount of capital investment Low flexibility and lacking control over time frame.
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