Question

Based on the lesson, your reading and reliable sources from the Virtual Library, do you believe that Just-in-time Inventory is the best way for healthcare facilities to be efficient? What current research from the Virtual Library supports your beliefs? Use at least one reference and three supporting statements. Appropriately citing your resources using American Planning Association format is strongly encouraged.

Answer 1

Just in time (JIT) inventory is a management system in which materials or products are produced or acquired only as demand requires. Just in time inventory is intended to avoid situations in which inventory exceeds demand and places increased burden on your business to manage the extra inventory. Manufacturers using JIT processes want to use materials for production at levels that meet distributor or retailer demand but not in excess.