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Just - in - Time Final

JIT is an inventory management technique invented by Taiichi Ohno at Toyota to meet consumer demand with minimal delay. It involves ordering new stock only when inventory reaches reorder levels to reduce warehouse space and costs. The goal of JIT is to have a continuous supply of exactly what workers need, when and where they need it, to produce only what customers demand with perfect quality and minimum lead times. Key elements include quality control, process simplification, preventative maintenance, and continuous improvement. Benefits are reduced costs, set up times, and improved flow, quality, flexibility, delivery and consistency.

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Snehal Deshmukh
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13 views

Just - in - Time Final

JIT is an inventory management technique invented by Taiichi Ohno at Toyota to meet consumer demand with minimal delay. It involves ordering new stock only when inventory reaches reorder levels to reduce warehouse space and costs. The goal of JIT is to have a continuous supply of exactly what workers need, when and where they need it, to produce only what customers demand with perfect quality and minimum lead times. Key elements include quality control, process simplification, preventative maintenance, and continuous improvement. Benefits are reduced costs, set up times, and improved flow, quality, flexibility, delivery and consistency.

Uploaded by

Snehal Deshmukh
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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JUST – IN - TIME

1
Introduction

JIT is inventory management technique

Invented by Taiichi ohno with aim of


meeting consumer demand with minimum
delay within toyota manufacturing plants

Well-established in many Japanese factories


by the early 1970's.  JIT began to be adopted
in the U.S. in the 1980's (General Electric)
2
Just In Time
It is an inventory strategy implemented to
improve the return on investment of a business by
reducing in-process inventory and its associated
costs.

New stock is ordered when stock reaches the re-


order level. This saves warehouse space and costs

A system of continuous supply of components,


parts and supplies, such that workers have what
they need, where they need it, when they need it.

3
Objectives of JIT

 Produce only the products the customer


wants.
 Produce products only at the rate that the
customer wants them.
 Produce with perfect quality
 Produce with minimum lead time.
 Produce products with only those features
the customer wants.

4
Elements of JIT

 Quality
 Product and Process simplification
 Preventive Maintenance
 Flexible Workforce
 Continuous Improvement
 JIT Purchasing

5
Advantages of JIT

 Reduced Operating cost


 Reduced Set up times
 Consistency in scheduling and work hours
 Improved flow of goods
 Improved quality and performance
 Increased flexibility and innovativeness
 Improved delivery

6
Conclusion
 JIT is an effective technique to eliminate
waste and to improve profit margin

 Implementing JIT to the company assures


management a continuous improvement and
companies growth

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