Education is the process of facilitating learning. Knowledge, skills, values, beliefs, and habits of a group of people are transferred to other people, through storytelling, discussion, teaching, training, or research.

Showing posts with label WHAT IS VENDORS. Show all posts
Showing posts with label WHAT IS VENDORS. Show all posts

Thursday, 1 October 2015

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.