Differences Between Jit and Traditional Method
In today's global market, price, quality, and manufacturing speed are not sufficient to stay ahead of competition once the product reaches the maturity stage of its life cycle. World class manufacturers understand that to sustain their competitiveness in the market, in addition to price, quality, and manufacturing speed, they must develop competencies to innovate, design, and introduce new products to the market quickly. Creating new product ideas that are consistent with organizational strategy, and moving these ideas through the stages of design, development, and introduction quickly has been the hallmark of successful world class organizations
(Bebb, 1989; Chase, Aquilano, and Jacobs, 2001; Towner, 1994). Introducing new products to the market ahead of competition has several strategic and operational advantages. It often means charging premium price, building name recognition, controlling a large market share, and enjoying the bottom line profit. Better competitive position in the market makes it also difficult for competition to enter the market (Blackburn, 1991; Bayus, 1997; Cooper and Kleinschmidt, 1994; Crawford,
1992; Franza and Lucas, 2000; Zahra and Ellor, 1993).
Who are the market leaders in introducing new products to the market fast? During the last two decades, through their JIT systems, world class manufacturers have dominated their competitors not only in the areas of price, quality, and manufacturing speed but also in new product development speed and quick commercialization of new technologies (Bebb, 1989; Dumaine, 1989a & b;
Blackburn, 1991; Clark and Fujimoto, 1991; Ulrich and Eppinger, 2000). To understand the relationships between JIT manufacturing and simultaneous NPD process, let's briefly review the principles of JIT systems.
Just-in-Time (JIT) production has been a great force in the world of manufacturing since the early 1980's. Some of the main benefits of JIT in the area of manufacturing such as inventory
(Bebb, 1989; Chase, Aquilano, and Jacobs, 2001; Towner, 1994). Introducing new products to the market ahead of competition has several strategic and operational advantages. It often means charging premium price, building name recognition, controlling a large market share, and enjoying the bottom line profit. Better competitive position in the market makes it also difficult for competition to enter the market (Blackburn, 1991; Bayus, 1997; Cooper and Kleinschmidt, 1994; Crawford,
1992; Franza and Lucas, 2000; Zahra and Ellor, 1993).
Who are the market leaders in introducing new products to the market fast? During the last two decades, through their JIT systems, world class manufacturers have dominated their competitors not only in the areas of price, quality, and manufacturing speed but also in new product development speed and quick commercialization of new technologies (Bebb, 1989; Dumaine, 1989a & b;
Blackburn, 1991; Clark and Fujimoto, 1991; Ulrich and Eppinger, 2000). To understand the relationships between JIT manufacturing and simultaneous NPD process, let's briefly review the principles of JIT systems.
Just-in-Time (JIT) production has been a great force in the world of manufacturing since the early 1980's. Some of the main benefits of JIT in the area of manufacturing such as inventory