What are some advantages and disadvantages of JIT and lean production?

For this discussion, address the following questions:

  • What are some advantages and disadvantages of JIT and lean production?
  • Why do you think many firms are experiencing an increase in JIT and lean production?
  • Are there organizational issues that enter the decision to lower inventory level?
  • How do you feel about the stakeholders whose interests are damaged by maintaining lower inventories?

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