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Forum 4 (Module 7 and 8)_International business

Forum 4 (Module 7 and 8)_International business

Q Part II- Just in time under Production Issues Key Term and Why You Are Interested in It (100 words)

Q Explanation of the Key Term (100 words) Major Article Summary (300 words minimumDiscussion A. Cited Work Relationship to Major Summary and Assigned Readings (150 words minimum) B. Cited Work Relationship to the Other 4 Articles (150 words minimum)

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I am interested in this term because Just in time is a type of inventory system which is used as a management strategy. The main task here is to align the ordered raw materials from the suppliers, directly to the production schedules. As I was reading the chapter on Managing Global Operations, I understood that time and money are both extremely important resources. If these are used in a proper manner by using the right strategies then it can determine the success or failure of the company or the business. Planning is an important stage where the process of global business strategy begins. Just In time system is a helpful strategy and I am really interested to know about it.