Consider the following: After rising to become the world’s second largest manufacturer during the 1960s and 1970s, Japan has developed into a central hub for international supply chains.
However, firms engaged in global manufacturing are vulnerable to the disruption of their supply chains. Managers have to balance the cost of keeping high inventories, and the risk of pure “just in time ” production.
For your initial post, discuss the trade-offs associated with JIT inventory management. Is climate change a new consideration in this regard?
