Here is the original article in question, from the Wall St Journal. The article did a little fear mongering, as the WSJ seems to do about once a year, about risks of “just in time” inventory practices.
Womack is right to point out that, even in a JIT system, that safety stocks or “emergency stocks” are required to protect against normal demand variations. For vaccines and drugs designed to protect us against bio-terror attacks, thankfully the demand for these is very “spiky”, if it's ever going to be needed.
Here is my exclusive 5 part Q&A with Jim Womack from late 2005.
What do you think? Please scroll down (or click) to post a comment. Or please share the post with your thoughts on LinkedIn.
Don't want to miss a post or podcast? Subscribe to get notified about posts via email daily or weekly.
