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Critically evaluate: Just In Time, is it still a good strategy?

Critically evaluate: Just In Time, is it still a good strategy?
Many companies have honed their competitive edge by adopting the Just-in-Time philosophy that involves producing goods to meet demand exactly in time, quality and quantity. However, such highly-tuned systems leave manufacturers vulnerable to disruptions in any of the many links in their supply chain. Major storms like Hurricane Sandy and other unexpected natural disaster such as the Japanese tsunami have prompted some companies to rethink the popular Just-in-Time style of doing business.
You will be required to write an individual essay (2000 words) supported with reference to the academic literature that answers the following question:
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