TPT 550 (SUPPLY CHAIN MANAGEMENT)

NAME: FARIZUL AFZAN BIN JAMAL CLASS: BA2473D

Task: Online class Activity ID: 2020993143

Question
1) Compare the concept of Just in Time (JIT) and Just in Case (JIC) in any relevant to
you.

Based on the explanation, these are two types of inventory management. Basically,
company want to keep as little inventory as possible and just-in-case relies on plenty of
surplus inventory. Below is the comparison between JIT and JIC:

Just in Time (JIT) Just in Case (JIC)

 Inventory management system that

order products from it supplier and
immediately fulfill customer’s
demand.
 The benefit is actually company are
keeping less inventory. Basically it
reduce the cost of store the inventory.
 Next, this concept need to forecast
accurate demand of its customer.
Dealing with suppliers to ensure the
delivered of goods when it
necessary.
 For example, I wish to buy calculator
during RMO from shopee, then I will
seek for several shop to compare the
quality and price. Therefore when I
purchase I need the product in short
time, thus this will enhance the shop
to ship out my products as soon as
possible.
 Inventory management that maintain
large inventories to reduce risk of
back orders.
 Large inventories can accommodate
factors can harm the business. For
example, weather, traffic, fuel price,
and unexpected customers demand.
 Besides, this will minimize the
probability of out of stock when
customers demand for it. But, the
holding cost is higher due to
is
unpredicted time to store and it can
be surplus.
 For example, I wish to buy several
types of chips in bulk. Then I will go
to the factory. As a buyer I want
certain number and factory itself must
have more stock to cover all my
demand.