And even the leanest JIT operations have contingencies planned for according to likelihood of disruption and impact of disruption. Thinking that JIT is about having literally no stock means you have absolutely no contact with any logistics operations.
Yeah, it's about running lean to save on cost/overhead. It's not a bad system, it just becomes problematic when improbable disasters happen, and the lead times on certain inventory items go from a couple weeks to 8+ months
It's part and parcel of the "end of history" idea that everything will be neoliberal forever, so why would you account for anything like a war or major disaster disrupting critical infrastructure or crashing the economy because some vital sector was bottlenecked through a single point of failure?
And even the leanest JIT operations have contingencies planned for according to likelihood of disruption and impact of disruption. Thinking that JIT is about having literally no stock means you have absolutely no contact with any logistics operations.
Yeah, it's about running lean to save on cost/overhead. It's not a bad system, it just becomes problematic when improbable disasters happen, and the lead times on certain inventory items go from a couple weeks to 8+ months
It's part and parcel of the "end of history" idea that everything will be neoliberal forever, so why would you account for anything like a war or major disaster disrupting critical infrastructure or crashing the economy because some vital sector was bottlenecked through a single point of failure?