and services that always delivers exactly what customers want, in exact quantity, exactly when needed, exactly where required, and at the lowest possible cost. It is a term that almost synonymous with terms such as 'just-in-time' (JIT) and 'lean operations principles'. The central idea is that if terms flow smoothly, uninterrupted by delay in inventories, not only is throughput time reduce, but the negative effects of in-process inventory are avoided. (Slack, Johnston, Betts & Chambers, 2009)" Womack…
Words 1729 - Pages 7