Just in Time shipping and manufacturing only serves one purpose, making quarterly reports look good. Managers and equity firms LOVE JiT because keeping inventory on hand doesn’t balance well on their spreadsheets. They can not quantify inventory getting used over the course of a few years because they can’t see past the next quarter. To them, it’s lost profit; even if it doesn’t lose its value and is all but guaranteed to get used/sold eventually.
You would think more companies would have learned the merits of Just in Case manufacturing. Those that did absolutely thrived under COVID as they were the only ones still able to produce.
But no. The COVID crisis “ended” and companies went “Well something like that will certainly never happen again! Back to the old ways!”
Conservatives (and businesses are generally conservative) are great at deluding themselves into adopting any strategy that puts money in their pocket over intelligent strategies that would lead to better long-term outcomes, but cost a little more and/or make slightly less profit.
That’s why they stick with Trickle Down Economics, which have poor long-term outcomes for all but the rich, instead of Trickle Up Economics, which helps everyone, even though the inevitable outcome of Trickle Down is a catastrophic shift (for the rich) to Robin Hood Economics (Take from the rich, Give to the poor).
Just in Time shipping and manufacturing only serves one purpose, making quarterly reports look good. Managers and equity firms LOVE JiT because keeping inventory on hand doesn’t balance well on their spreadsheets. They can not quantify inventory getting used over the course of a few years because they can’t see past the next quarter. To them, it’s lost profit; even if it doesn’t lose its value and is all but guaranteed to get used/sold eventually.
You would think more companies would have learned the merits of Just in Case manufacturing. Those that did absolutely thrived under COVID as they were the only ones still able to produce.
But no. The COVID crisis “ended” and companies went “Well something like that will certainly never happen again! Back to the old ways!”
Conservatives (and businesses are generally conservative) are great at deluding themselves into adopting any strategy that puts money in their pocket over intelligent strategies that would lead to better long-term outcomes, but cost a little more and/or make slightly less profit.
That’s why they stick with Trickle Down Economics, which have poor long-term outcomes for all but the rich, instead of Trickle Up Economics, which helps everyone, even though the inevitable outcome of Trickle Down is a catastrophic shift (for the rich) to Robin Hood Economics (Take from the rich, Give to the poor).