Business
The Just-In-Time supply chain theory has conquered the world — but has it gone too far? – ABC News
Just-In-Time supply chains were supposed to save money and cut down on storage space, but critics say it now threatens our economic and social wellbeing. So have we taken the theory too far?
It’s the management theory that controls your life, though you’ve probably never heard of it or given it a moment’s thought.
Economists say it has a role in determining what goods and services you receive, when you receive them, how you’re employed, even if you’re employed.
It also influences how you manage your household budget, business experts argue, and perhaps explains why there was no fat in your personal account when COVID-19 hit.
It’s called Just-In-Time and it’s made some corporation…
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