As a newly hired manager for a consumer products manufacturing company, supply chain assignment help

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Economics

Description

As a newly hired manager for a consumer products manufacturing company, your chief executive officer (CEO) has asked you to educate the senior staff on the pros and cons of establishing a demand-based ordering system, sometimes referred to as just in time, versus the more traditional forecast-based ordering system that the firm has used for years. Make sure you provide at least 2 pros and 2 cons for each of the 2 different systems.

400-600 words

2 references

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Explanation & Answer

Attached.

Supply chain - Outline
Thesis Statement: The traditional and JIT ordering systems display clear lines of differentiation
as well as pros and cons which can be relied upon to make a decision on which approach is the
most ideal for a commercial entity operating in the consumer products industry.
Pros and cons


Running head: SUPPLY CHAIN

1

Supply Chain
Name
Institution

SUPPLY CHAIN

2

Supply chain
The main point of difference between the Just-in-time (JIT) and the traditional ordering
methods lies in the approach adopted in the various levels of production. As such, the traditional
method is based on cost minimization for manufacturing a particular item while JIT is designed
to meet demand. Therefore, JIT offers a demand-pull strategy while the traditional method offers
a cost-push strategy for the business (D'Ouville, Willis & Huston, 1998). The traditional and JIT
ordering systems display clear lines of differentiation as well a...


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