Directions: Write an essay about the following: Describe the challenges and risks associated with using a just-in-time (JIT) inventory management system. How would these challenges be addressed or mitigated, tracked and managed? What specific metrics (Key Performance Indicators, KPIs) would you use to evaluate the status/progress of the JIT challenges/risks that you’ve identified to ensure these are properly managed. How often would you review and evaluate the metrics? Use internet resources to help you answer the questions. Here’s a couple of articles to get you started:
Challenges:
https://www.forbes.com/advisor/business/just-in-time-inventory/
https://corporatefinanceinstitute.com/resources/accounting/just-in-time-jit-method/
https://theecommmanager.com/how-to-guides/just-in-time-inventory-management/
KPIs:
Remember to cite your work. Use APA style formatting. Watch this 5+ minute videohttps://youtu.be/c0e9DKDxUYU?si=a4wNRg6OcBaC36Di. to learn how to create a student paper using APA formatting. In the video she states that most student papers do not have an abstract, yet she shows you how to do one. I DO NOT want an abstract for this assignment, but I do want you to follow all of the other rules that she demonstrates. The format of the paper is assessed as part of the ‘presentation’ criteria in the rubric. This assignment is completed independently (do not post questions on the discussion board about the assignment). Review the assignment rubric shown below to ensure you obtain the best possible score.
Your essay should be between 600 – 750 words (~ 2 double spaced, 1 single spaced page) not including the title or the reference page which should both be on a separate page . For instructions on creating the reference page watch:https://youtu.be/JmVZP2309P4?si=ozLfNlALQTECCLno.
Do not exceed 750 words. Edit the passage and improve your ability to write concisely.