JIT vs. JIC Supply Chains
Course Code: OPS-211
Format: In-Person / Virtual
Description: The 2020 crisis changed everything. This course explores the tension between Lean (Just-in-Time) and Resilience (Just-in-Case). Using recent case studies, participants evaluate the trade-offs between holding safety stock for resilience and reducing inventory for efficiency.
Learning Objectives:
Evaluate the trade-offs between Just-in-Time efficiency and Safety Stock resilience.
Analyze the 2020 Supply Chain Crisis (Efficiency vs. Resilience).
Balance Lean principles with Risk Management.
Scholar-Practitioner Framework:
Theory: Lean vs. Resilience.
Application: The Crisis Case Study Analysis.
Curriculum: Inventory Strategy; The Bullwhip Effect; Strategic Redundancy.