Just-in-time (JIT) process

1. “A company cannot implement a just-in-time (JIT) process without making a heavy investment in computer resources.” Do you agree? Discuss fully.

2. In addition to the industries mentioned in Technology Summary 15.2, find two industries currently using 3D printing for either prototyping or manufacturing

3. A main goal of JIT is zero inventories.

a. Assume your company does not aspire to JIT and has $3,000,000 in raw materials in stock. Identify costs that may be incurred to maintain the inventory level.

b. Now assume that you implement JIT, and your raw materials in stock drop to zero. Explain how you expect this change to impact your income statement and balance sheet

 

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