Production planning One of the main issues to production planning is to try and keep a minimal of stock to keep costs down while making sure to meet customers demands. (Can be hard with seasonal things (Christmas trees)
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
All production businesses will have to make sure to have enough stock to not hold up production while not having to much on hand.
Stockpiling is creating a lot of something and keeping it to sell later
Drawbacks are lack of opportunity cost as well as storage costs.
Advantages of JIT
Limitations of JIT