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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1291 |
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Although this example has caused much concern within the oil industry because of the sharp decline in oil inventories, the long-term effects of utilizing these techniques could sharply reduce the price of oil (Waguespack and Cantor, 1996).
Another example is the use of JIT structures in Japanese companies currently developing business structures in the United States...
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The auto industry is one area that could significantly benefit from the limited production methods of JIT and current Japanese companies are utilizing these techniques to better compete with American auto makers. The results of JIT are not simply realized in the push towards lowering overhead, but they also incorporate the system of re-investment, that increase business capital, and create more stable business operations...
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