Just-In-Time (JIT) concept.
Prepare a clear, organized, and multi-paragraphs essay that will demonstrate your insightful understanding of the Just-In-Time (JIT) concept.
The following topics must be covered: • Introduction to the just in time and including history and development • Description JIT inventory control system • Fundamentals of JIT Philosophy • The mechanism of Kanban • Single Minute Exchange of Dies • Implementing JIT with a real example of a company that successfully implemented • JIT Advantages and Disadvantages of JIT • A comparison between JIT and MRP. • Conclusion
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