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What is JIT vs JIC for Luxury Watch Inventory about?

The document evaluates whether a luxury watch manufacturer producing limited edition pieces should adopt a JIT or JIC inventory management approach. JIT aims to avoid holding inventory by requiring supplies to arrive just as needed, while JIC aims to reduce the risk of running out of inventory by keeping high buffer levels. While JIT would reduce costs for the luxury watch manufacturer due to expensive raw materials and free up capital, it also carries more risk if suppliers face delays. JIC allows for cont

Author

kazam

Language

EN