April 10, 2020
In the Media
Yossi Sheffi spoke with Yahoo! Finance about how the just-in-time model and supplier diversification in light of the coronavirus: “For many companies, changing the entire model just doesn’t make sense. As Yossi Sheffi, director of the MIT Center for Transportation and Logistics, told Yahoo Finance, there are just too many advantages of “just-in-time” that go beyond cost. There are more speed and agility, but also more quality. When an auto production line experiences a problem with a part, for example, you have a pile of parts and swap a new one in. But with just-in-time, ‘you stop the line, find out what's wrong, and fix it,’ Sheffi said. ‘Low inventory helps people find out what's wrong.’”