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Describe three advantages and three disadvantages of JIT?
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Describe three advantages and three disadvantages of JIT?

User Konstantin Salavatov
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Answer and Explanation:

JIT stands for Just In Time Inventory is one where cost is decreased and hence efficiency is increased by reduction in waste.

Advantages of JIT are:

  1. An increase in productivity
  2. Waste elimination
  3. Improved product quality

Disadvantages of JIT are:

  1. Chances and risk of running out of stock
  2. Requirement of big amount of capital investment
  3. Low flexibility and lacking control over time frame.
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