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Supply chain disruptions and product shortages across manufacturing and retail have caused many people to proclaim the end of just-in-time inventory practices in favor of more just-in-case stocking.
Just take a look at this simple analog alarm. ... The clock is just $40—available in black, ... but there’s nothing wrong with having a stylish backup on hand just in case.
Meanwhile, products that once seemed a perfect fit for just-in-case are finding that’s, well, just not the case. Going into 2022, for example, the forecasts for outdoor furniture were miscalculated.
The difference between just-in-case and just-in-time is like the difference between training and trying. You can't run a marathon by trying hard. The first person who tried that died.
A just-in-time approach to pandemic preparedness by medical supply manufacturers, hospitals, and governments has failed during the COVID-19 pandemic. A just-in-case strategy with training plans ...
77% practice just-in-time inventory management; 69% use ABC analysis and segmentation. While traditional strategies are fundamental, the current supply chain landscape requires a more agile approach ...
But sometimes a clock is just a clock. Sign up for Today's Best Articles in your inbox A free daily email with the biggest news stories of the day – and the best features from TheWeek.com ...
Just-in-time supply-chain strategies have come under fire during the pandemic, but MIT’s Yossi Sheffi writes that the discipline, collaboration and agility of lean-inventory principles may be ...