Just-in-time (JIT) inventory systems expose the hidden causes of inventory keeping and are therefore not a simple solution that a company can adopt; there is a whole new way of working that the company must follow in order to manage its consequences. The ideas in this way of working come from many different disciplines including statistics, industrial engineering, production management and behavioral science. In the JIT inventory philosophy there are views with respect to how inventory is looked upon, what it says about the management within the company, and the main principle behind JIT.
It is still 11th December, and hence, I am JIT to wish Salil Happy Birthday.
To the person who helped me out a lot during the days of the Notifications Blog (Not that those are over yet...)
To a co-conspirant on the ShoutBox...
To a person who follows the stock market just like me...
bro...
Regards,
Harshal
Grondmaster
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