Applying JIT principles to the health system, has forced governments to artificially create the ideal JIT sickness demand scenario (flattening the curve)...

Just-in-time: The larger the disaster the worse the effect on just-in-time failures. Electrical power is the ultimate example of just-in-time delivery. A severe geomagnetic storm could disrupt electrical power delivery for hours to years, locally or even globally. Lack of supplies on hand to repair the electrical system would have catastrophic effects.

Just in case A JIC examples of buyers would be the military or hospitals who need to maintain large inventories because waiting for JIT producers to ramp up production for needed supplies may result in losses (i.e. wars, lives).

#coronavirus #jit #jic #logistics #distribution #health

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