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It is ironic that the just-in-time model of industrial production, pioneered in Japan, will undergo a global supply chain stress test as a result of the recent 9.0 Richter scale earthquake, tsunami, and resulting ongoing nuclear power reactor crises that has crippled the Japanese economy.
The Japanese just-in-time production model gained traction in the 1970s and 1980s with manufacturing companies as a way to increase corporate profits by reducing raw material and component part inventories and the funds required to finance those inventories. The just-in-time production model was adopted by manufacturing firms the world over as computer software, transportation networks, and production techniques were developed that allowed manufacturers to keep production lines running smoothly with a minimum of inventories required to be purchased and stockpiled by the factory. The entire supply chain was carefully orchestrated so that each part for an assembly arrived at the right place on the assembly line just-in-time to complete the next step in the manufacturing process.
Information Technology and Management explores the many different technologies inherent in the field of information technology and their impact on information systems ...