Business – 4.2 Inventory management – Just in Time (JIT) | e-Consult
4.2 Inventory management – Just in Time (JIT) (1 questions)
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- Risk: Supply chain disruption – If a supplier fails to deliver on time, production can halt.
Mitigation: Develop multiple qualified suppliers and establish clear contingency contracts.
- Risk: Inaccurate demand forecasting – Over‑reliance on short‑term forecasts may lead to stock‑outs.
Mitigation: Implement real‑time demand monitoring systems and use rolling forecasts updated weekly.
- Risk: Increased pressure on logistics – More frequent, smaller deliveries can strain transport resources.
Mitigation: Partner with logistics providers that offer reliable just‑in‑time delivery services and schedule buffer windows in the production timetable.