This suggests that JIT philosophy h

This suggests that JIT philosophy has an inconsistent impact on the SET listed manufacturing companies. This is in line with what happened
in the U.K. reported in Pong and Mitchell (2006,
p.141). This may be attributable to nature of
products of the industries. Products of Agro &
Foods Industry have shorter lives than those of
other industries. This, therefore, creates pressure
onto the Agro & Food Industry manufacturers
to keep inventory just enough to support sales.
Similarly, products of Industrials tend to capture a
signifi cant amount of working capital and demand
for products is more diffi cult to forecast than that
of Consumer Products. This also creates greater
pressure on manufacturers in this industry than
manufacturers in Consumer Products to try to
lower inventory. Although it is relatively easier
to forecast demands for Consumer Products and
make it easier to implement JIT philosophy in the
Consumer Products, functionality of the products,
economies of scale to be achieved in the supply
chain, and lost sales opportunity make it unwise
to produce product in a make-to order fashion