Papers on "JIT" and similar term paper topics
Paper #059992 ::
JIT
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This paper discusses the history and application of Just-In-Time (JIT), a key element of time-based manufacturing strategy.
Written in 0; 2,930 words; 23 sources; APA;
$ 86.95
Paper Summary:
This paper defines JIT as a philosophy of manufacturing based on planned elimination of all waste and continuous improvement of productivity, encompassing the successful execution of all manufacturing activities required to produce a final product, from design engineering to delivery, and including all stages of conversion from raw material onward. The author points out that the primary elements include having only the required inventory when needed to improve quality to zero defects, to reduce lead-time by reducing setup times, queue lengths, and lot sizes, to revise the operations themselves incrementally, and to accomplish these things at minimum cost. The paper stresses that the successful JIT implementation needs the support and dedication of all the employees and management, as well as the backing of suppliers and distributors in the entire value chain of the product.
Table of Contents
Introduction
Discussion
Limitation of the Work
Conclusion
From the Paper:
"Inventory was, in the past, considered to be a distributor and/or manufacturers' largest asset. Finished good inventory was considered a company's most valuable asset. Inventory management however, also comes with its own nightmares; the wrong quantities of the wrong items are often found on warehouse shelves; and, computer inventory records are not accurate. Inventory can be a liability as well as an asset: excessive, finished (goods) inventory requires larger warehouses; often, this is the first visual indication of bad decisions in the production and process stages. Making major improvements in the product and the product-availability while at the same time reducing overall working capital investments a company has to use to maintain its dominance in the market place, without jeopardizing the company performance is a tightrope that most inventory managers have to walk at some point in their careers."
Tags:
inventory elimination chain lean safety-factor
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