The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This method requires producers to forecast demand accurately.
2. ANTONYMS
Objectives
Just-in-Time Definition
Philosophy of Just-in-Time
JIT Framework
Three Elements of JIT
JIT-Implementation Steps
Gantt Chart of the Data
Barriers to JIT Production
Analysis
Suggestions
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3. OBJECTIVES
• To identify critical barriers to JIT
production.
• To analyze and prioritize the interactions
among the barriers.
• To develop a structural framework for
successful implementation of JIT
production.
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4. JUST IN TIME
JIT philosophy means getting the
right quantity of goods at the right
place and the right time
JIT exceeds the concept of
inventory reduction
JIT is an all-encompassing
philosophy found on eliminating
waste
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5. PHILOSOPHY OF JUST-IN-TIME
JIT originated in Japan, post World War II
Driven by a need survive after the
devastation caused by the war
JIT gained worldwide prominence in the
1970s
Toyota Motor Co. developed JIT
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10. BARRIERS TO JIT PRODUCTION
Lack of Top Management Commitment and Support
Lack of Training and Education
The Lack of Resources to
Invest/Financial Constraints
Poor Facility Planning
and Layout
Slow Response to Market
Poor Sales Forecasting 10
11. ANALYSIS
Based on the prevailing literature study, Many
resources like fund, space, man-efforts, material,
etc. are required to bring about any desirable
changes in the existing system/environment.
The willing and commitment of employees to
change are not sufficient. It should be timely
supported by necessary funds to change the
existing layout to facilitate JIT production.
Since JIT’s development, many companies have
found it beneficial while others have been unable to
successfully implement the basic philosophy. 11
12. SUGGESTIONS
JIT can only be achieved by a combination of strategic
capacity considerations, strategic supply chain
management and detailed ways to make work flow.
Change is sometimes uncomfortable; however, it is
necessary to achieve goals in some industries, and
overcome the difficulties that prevent them from
becoming more competitive in the world market
JIT production strategy means that businesses do not
produce items for sale until they have been ordered by
customers
From obtaining the raw materials needed for
manufacturing to ensuring timely delivery, every aspect
of JIT production must be synchronized
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