JUST IN TIME SYSTEM
JUST-IN-TIME
(JIT) SYSTEM
“Production methodology which aims to improve
overall productivity through elimination of waste and which leads to improved
quality”.
The phase just
in time is used to because this system operates with low WIP (Work-In- Process)
inventory and often with very low finished goods inventory. Products are
assembled just before they are sold, subassemblies are made just before they
are assembled and components are made and fabricated just before sub assemblies
are made. This leads to lower WIP and reduced lead times. To achieve
this organizations have to be excellent in other areas e.g. quality.
Benefits of JIT
1. Product cost—is greatly reduced due to reduction of manufacturing cycle time,
reduction of
waste and inventories and elimination of non-value added operation.
2. Quality—is improved because of continuous quality improvement programmes.
3. Design—Due to fast response to engineering change, alternative designs can be
quickly brought
on the shop floor.
4. Productivity
improvement.
5. Higher
production system flexibility.
6.
Administrative and ease and simplicity.
VENDORS
Vendors
constitute sellers, suppliers and providers. They are the initiators,
investors, procurers, marketers, holders, carriers, promoters, distributors,
retailers, and managers of the sales process. Vendor Management is the
management and control, by an entity, of those third parties that supply goods
and/ or services to that entity.
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