Set out the main argument for and against adopting the Just In Time approach to management of stocks/inventory
Answers:
Sounds like a homework question.
For - you don't have to pay for or store expensive inventory
Against - if your suppliers or logistics people don't get you parts on time your assembly line or business could suffer.
+ u save money by not paying for storage space.
- if it gose wrong and you run out of stuff u lose prodution time.
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