Traditional inventory system
Assume the inventory ratio for Walmart is based on a traditional inventory system, but globalized markets and the supply chain make it critical to adopt lean principles to create a more efficient system. Discuss what a change to a Just- In- Time inventory system would have if adopted.
SOLUTION PREVIEW
JIT systems control work flow by bringing in materials and sending out goods on demand—ideally, just enough to provide what consumers want and no more(John T. Williams). The Japanese auto industry developed this system to help eliminate the SHORTCOMINGS that were come along with the outdated inventory system.
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