Page "Just in time (business)" Paragraph 77

Finally, as shown in a pair of articles in the " Oil & Gas Journal ", JIT does not seem to have been a goal of the industry.

In Waguespack and Cantor ( 1996 ), the authors point out that JIT would require a significant change in the supplier / refiner relationship, but the changes in inventories in the oil industry exhibit none of those tendencies.

Specifically, the relationships remain cost-driven among many competing suppliers rather than quality-based among a select few long-term relationships.

They find that a large part of the shift came about because of the availability of short-haul crudes from Latin America.

In the follow-up editorial, the Oil & Gas Journal claimed that " casually adopting popular business terminology that doesn't apply " had provided a " rhetorical bogey " to industry critics.

Confessing that they had been as guilty as other media sources, they confirmed that " It also happens not to be accurate.