0
All the oil companies uses JIT, which causes spikes in prices when demand is too high.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What is one key difference in JIT in a service environment from a manufacturing environment?
In service industry the just in time pertains to delivering schedule while in a manufacturing environment , JIT is used for batch completion.
Benefits of Just-In-Time JIT Production Systems?
Reduces the number of goods in process (goods not yet finished)Minimizes inventory costsReduces inventory storage space requirementsReplaces stop-and-go productionDisruptions are visible and get resolved quicklyContinuous improvement of the process
Why is it important to minimize inventory in a Just-in-Time system?
By taking a JIT approach to inventory and product handling, companies can often cut costs significantly. Inventory costs contribute heavily to the company expenses, especially in manufacturing organizations. By minimizing the amount of inventory you hold, you save space, free up cash resources, and reduce the waste that comes from obsolescence.
How do you call someone who uses the products made by industry?
If your question is "What do you call someone who uses the products made by industry?", you call him a consumer.
What is agricultural industries?
Industrialized Agriculture uses heavy equipment and large amounts of financial capital. It also uses pesticides to produce single crops or monoculture.
When was the Mobil Exxon merger?
In 1998 Exxon and Mobil agreed to merge into a new company called Exxon Mobil.
When was Exxon Mobil merger?
In 1998 Exxon and Mobil agreed to merge into a new company called Exxon Mobil.
When was Exxon founded?
Exxon Mobil was founded in 1870. The company was formerly known as Exxon Corporation and changed its name to Exxon Mobil Corporation in 1999. Exxon Mobil is based in Irving, Texas.
What services does Exxon Mobil sell?
Exxon Mobil sells petroleum products such as gasoline.
What is Exxon Mobil slogan?
Exxon Mobil's slogan is "Taking on the world's toughest energy challenges."
What is the symbol for Exxon Mobil Corporation in the NYSE?
The symbol for Exxon Mobil Corporation in the NYSE is: XOM.
What brand oil does Honda use?
Honda uses Honda brand oil, made by Exxon Mobil.
Does Exxon use JIT inventory mgt?
yes
Who owns exxon gas?
Exxon is owned by Exxon Mobil which is a publicly traded company.
Which country does Exxon Mobil company belong to?
It's an American multinational oil and gas corporation headquartered in Irving, Texas.
What three companies have been number 1 on America's Fortune 500 list 1954?
exxon/mobil gm walmart exxon/mobil gm walmart
What is Exxon Mobil stock?
Xom
