The Epoch Times Almost every organization in the UK admits that their supply chain needs improvement, with more than half admitting to needing a significant improvement to the supply chains, says a June 8 SAP press release.
Since the COVID-19 pandemic, 66 percent of UK businesses have experienced delays in the production and delivery of goods and services. While 64 percent experienced loss of revenue, 58 percent witnessed a loss of customers. Under these circumstances, 84 percent of businesses are now planning to move from a JIT model to a JIC supply chain.
Under the JIT model, businesses only receive inventories when it is needed for production. In contrast, JIC stocks up inventories much ahead of time…
