Coursework.Info - Inspiration in an Instant

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

Touro University International Lori Durham OPM300 Case Assignment Module 3 Dr. Roger Rensvold Introduction In today's business world, most businesses are using the inventory system called Just In Time. What does this mean? Well the Just-In-Time System or the J-I-T system is a system that orders the right quantity of goods at the correct time. As our power point presentation states in this module, "not late & not early (Just-In-Time Systems 2002)." Businesses do not keep extra inventories on hand they forecast the amount of inventory that is going to be needed for a certain period of time and only order that amount. The next batch of inventory will be delivered right before that forecasted amount is scheduled to be depleted. This system reduces waste, is simple, and cuts down on capital expenditures. How does J-I-T minimize warehousing costs? With Just-in-Time Systems, a company can save space and simplify production schedules because items are forecasted to arrive just...

Get instant access

• Instant, unlimited access to our documents in full
• Swap your work for free access, or pay £4.99
• To see the full version of this document and 147,195 others

OR

Receive email updates for this category

• Simply tell us your email address and receive a weekly Study Help Email for FREE
• Receive 3 FREE essay views with each email
• Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk