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Just In Time. 1. Executive ... time. The Just in Time system however is a process
that produces necessary products as required. This ...
just in time. Survival is one of the most important objective in company. ... One of
the strategies which is very popular is Just In Time (JIT) strategy. ...
Just In Time Systems. ... The most efficient way to get this done is through the
use of a Just-In-Time (JIT) system of inventory management. ...
Just in Time. ... Just-in-time means, quite literally, that an assembler on a line
receives his consignment of parts "just in time" to use them. ...
Just In Time. ... A flexible production system such as Just in time must be in place
in order to meet these requirements and stay competitive in the business. ...
Submitted by bmlight on July 25, 2008
Category: Business
Words: 1976 | Pages: 8
Views: 66
Popularity Rank: 107,580
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Just-In-Time (JIT) is a Japanese manufacturing management method that was developed in the 1970’s. It was first adopted by Toyota manufacturing plants by Taiichi Ohno. One motivated reason for developing JIT was a need of a better production technique after World War II. Japanese people had a very strong incentive to develop a good manufacturing technique to help them rebuild the economy. They also had a strong working ethnic which was concentrated on work that caused continuous improvement. These kinds of motivation had driven Japanese economies to succeed. Because of the natural constraints and the economy constraints after World War II, Japanese Manufacturers looked for a way to gain the most efficient use of limited resources. The Toyota Company implemented this into their plant and turned the management and accounting principles around to effectively and efficiently move inventory in and out very quickly while also concentrating on the manufacturing aspects of their cars. After the first introduction of JIT by Toyota, many companies followed up and around mid 1970s’and it gained extended support and widely used by many companies around the world.
Just in Time is an inventory strategy implemented to improve the return on investment of a business by reducing in-process inventory and its associated carrying costs. JIT can lead to dramatic improvements in a manufacturing organization's return on investment, quality, and efficiency. Just-in-time means, quite literally, that an assembler on a line receives his consignment of parts "just in time" to use them. The system is based on an ideal situation in which a part arrives just in time to be used. The system also operates on the strength of very small lot quantities of replacement parts. This type of system produces only quantities necessary to fulfill the demands of the next operation. The quantity is pulled when it is needed, where it is needed, and in the exact quantity which is needed. The...
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