Comparison of just-in-time in the United States and Japan. A comparison of U.S. and Japanese companies in the chemical industry showed more companies in Japan used just-in- time than in the United States. The Japanese companies had lower inventory levels and higher turnover rates. Why do you think Japanese companies were more likely to use just-in-time?
(Source: I. Meric, L. W. Ross, S. M. Weidman, and G. Meric, ‘‘A Comparison of the Financial Characteristics of U.S. and Japanese Chemical Firms,'' Multinational Business Review, vol. 5, no. 2, pp. 23-27.)