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Just In Time, or Just In Case
The modern system of inventory control is Just in Time, from the Toyota Production System. The vendor ships just in time for the operation to process and assemble components. It is generally agreed that JIT demands the utmost in close scheduling, reliable vendors and supply chain cooperation; and results in best floor space utilization, lowest capital tied up in inventory, least spoilage and product damage, and best quality because any errors are caught more quickly. The alternative is Just In Case; inventory is ordered in advance to allow for eventualities. Your organization probably depends on some of each.
Do “High Tech” and Hospitality Belong in the Same Sentence?
The author discusses how the dispensation of true hospitality is compromised by an over-reliance on technology.
What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 20)
There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives. What in your own experiences and opionions are the top 3 issues that procurement professionals face?

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