Just in Time (JIT) Manufacturing

Paper Summary:

This paper evaluates the impact of Just in Time (JIT) manufacturing on operations and supply chain performance in general and at Toyota Motor Company in particular. The paper analyzes the key elements involved in JIT, explaining some of the central concepts and terminology used in this system. Toyota's JIT system is examined.

Outline
Introduction
Key Elements of Just-in-time (JIT)
Toyota
Conclusions

From the Paper:

"A key element of Just in time (JIT) production is that manufacturing equipment, materials, and human labor are made available only as and when needed. Only necessary units are produced, in necessary quantity, "exactly in line with market demand" (Just-in-time-manufacturing, 1995). As Lee (2004) suggests, however, supply chain needs are fluid and ever-changing, based on "economic progress, political and social change, demographic trends, and technological advances: "Unless companies adapt their supply chains, they won't stay competitive for very long" (p.1). As an example of the importance of flexibility and adaptability within one's own supply chain, Lee notes that "Lucent lost its leadership of the global telecommunications market because it didn't adapt quickly enough" (p. 2)."

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