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Just-in-Time vs. Just-in-Case: Which Spare Parts Strategy Fits Your Plant?
Introduction
Every maintenance manager faces a balancing act: order too many spare parts and risk tying up capital, or keep too few and risk a shutdown when something fails. These two extremes are embodied by two popular inventory philosophies: Just-in-Time (JIT) and Just-in-Case (JIC).
So, which strategy is right for your plant — and how can you implement the right one...