Jit Benefits Essay

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EXECUTIVE BRIEF SUMMARY

The purpose of this individual assignment is to show just how JIT can be useful for providing the choice solution in a logistics operation; the cons of this program would end up being explored. In the beginning of this assignment I will make an effort to provide a basic definition of JIT, then illustrate the benefits and problems with this areas; particularly raw materials purchase, production control and planning, inbound strategies and lastly warehouse and storage space. Following that is to be a case research and tips for the implementation of this system.

DEFINITION:

JIT is a making philosophy that was mastered by the Japanese car company Toyota. The concept is simple, to produce items just over time or to appear it within way, to make only what you wish to sell. It is main target is the exclusion of products on hand in the developing process plus the elimination of wastes and activities deemed not to put any worth. Inventory is definitely looked at in a negative way as it incurs high costs regarding its storage and also mainly because it's afflicted by service costs and risk costs. Elements like nonproductive time, business lead time, malfunctioning equipment, materials handling etc are considered since wastes. JIT goes together with the Kanban system - a card system where a production method is initiated only when a card while using required order is tagged on it, with no which, the task is at a wall. The skill and planning required for this type of system to consider off is usually immense, as every get together within the system needs to play their portion.

BENEFITS & PROBLEMS OF JIT SETUP IN:

• RAW MATERIALS PURCHASE (Suppliers)

REWARDS:

JIT ensures that the number of source suppliers the company works with, is efficient to a small number of. This few are selected depending upon how competitive their very own prices are and for their very own track documents in their assistance and products. By clipping the number of suppliers, it will bring about faster and easier controlling. One other important benefits of JIT is that it forces the supplier to take care of a supply of defect-free components as any disorders detected would cause holdups hindrances impediments to the creation because the elements ordered are simply enough, this also meant that quality inspection by the customer is no longer required, hence keeping time and money. Thus a long term romantic relationship based on trust between both equally customer and supplier should be maintained since the customer totally relies on the supplier to fulfill the time and place utility. One other aspect of JIT is that item that are shipped, are all used for production, i actually. e. no safety share or any various other inventory stored for a just in case situation. This can help eliminate costs associated with inventory carrying.

PROBLEMS:

The JIT system though it looks effective requires a wide range of time and comprehensive planning. This may defer companies via implementing this, aside from that, sourcing for a reliable distributor that can match the JIT needs and on top of that to supply quality components constantly will prove to be challenging. Implementing JIT also intended the end on dependency of safety share. So in the event that there were being any becomes the original plan due to gaps, sudden increase in demand and many others, then this could cause a big problem as this meant development would be inconsistent.

• CREATION CONTROL AND PLANNING

REWARDS:

With JIT, the idea of EOQ is definitely not as important, while now the orders happen to be dependent on the demand from the consumer and so also is the idea of reorder/replenishment quantity. Implementing JIT will help the business in improving its efficiency and efficiency by streamlining its creation process. Great house keeping is applied and waste materials like unnecessary steps, a worker idling, producing flaws etc will be eliminated. Getting it right the 1st time is just as significant, as creation can't rely upon buffer stocks and shares anymore. Overall...

Bibliography: Example:

Atkinson, C (2005) McDonald 's, strategies for the benefits of JIT Viewed 05 April 2009 from the World Wide Web: < http://www.inventorymanagementreview.org/2005/11/mcdonalds_a_gui.html>

Alshall (2008) A Reflection on Just-In-Time (JIT) Viewed 40 March 2009 from the World-wide-web: < http://www.netobjectives.com/blogs/reflections-on-JIT>

Beasely, J E (2005) Just-In-Time (JIT) Viewed 31 March 2009 from the World Wide Web:

Just-In-Time Production Viewed 30 03 2009 through the World Wide Web: < http://www.uoguelph.ca/~dsparlin/jit.htm>

Lambert, D Meters, Stock, M R & Ellram D M (1998) " Fundamentals of Strategies Management” McGraw-Hill

Liker, J K (1997) Becoming Low fat: Inside Testimonies of U. S. Producers. Viewed 31 March 2009 from the World-wide-web:

Schonberger, R T (1984) Just-In-Time Production Systems: Replacing Difficulty with Simplicity in Manufacturing Managing pp

(2009) Just In Time (Business) Viewed 30 03 2009 in the World Wide Web: < http://en.wikipedia.org/wiki/Just_In_Time_(business)>

http://www.netobjectives.com/blogs/reflections-on-JIT



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