Asked by Vishaldeep Singh on Jun 23, 2024
Verified
JIT shifts inventory upstream.
JIT
Just-In-Time, a production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers.
Upstream
In the context of supply chain, refers to the activities or processes involved in obtaining raw materials or components required for manufacturing.
- Identify the significance of upstream and downstream flows in supply chains.
Verified Answer
JD
James DavidsonJun 24, 2024
Final Answer :
True
Explanation :
Just-In-Time (JIT) inventory management aims to minimize inventory levels by coordinating production schedules and deliveries so that materials arrive right when they are needed for production, thus shifting the responsibility of holding inventory upstream to suppliers.
Learning Objectives
- Identify the significance of upstream and downstream flows in supply chains.
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