JUST IN TIME
In today's competitive word shorter product life cycles, customers rapid demands and quickly changing business environment is putting lot of pressures on manufactures for quicker response and shorter cycle times. Now the manufactures put pressures on their suppliers.
One way to ensure quick turnaround is by holding inventory, but inventory costs can easily become prohibitive. A wiser approach is to make your production agile, able to adapt to changing customer demands. This can only be done by JUST IN TIME (JIT) philosophy. JIT is both a philosophy and collection of management methods and techniques used to eliminate waste( particularly inventory).
Wast results from any activity that adds cost without adding value, such as moving and storing.
Mainly JIT focuses to eliminate the waste or the non value added. Thus there are several types of wastes categorised. JIT usually identifies seven prominent types of wast to be eliminated:
* Waste from Overproduction
* Transportation Waste
* Processing Waste
* Wast from product Defects
* Waste of waiting/idle time
* Inventory Waste
* Waste of Motion
In today's competitive word shorter product life cycles, customers rapid demands and quickly changing business environment is putting lot of pressures on manufactures for quicker response and shorter cycle times. Now the manufactures put pressures on their suppliers.
One way to ensure quick turnaround is by holding inventory, but inventory costs can easily become prohibitive. A wiser approach is to make your production agile, able to adapt to changing customer demands. This can only be done by JUST IN TIME (JIT) philosophy. JIT is both a philosophy and collection of management methods and techniques used to eliminate waste( particularly inventory).
Wast results from any activity that adds cost without adding value, such as moving and storing.
Mainly JIT focuses to eliminate the waste or the non value added. Thus there are several types of wastes categorised. JIT usually identifies seven prominent types of wast to be eliminated:
* Waste from Overproduction
* Transportation Waste
* Processing Waste
* Wast from product Defects
* Waste of waiting/idle time
* Inventory Waste
* Waste of Motion
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