Just-In-Time system function and its key elements 6 4. JIT enhances customer satisfaction 8 5. Counter arguments and examples of successful JIT systems 10 6. Summary 11 References 12 LIST OF FIGURES FIGURE 1. Relationship of the benefits of JIT for organizations and customers. 9 FIGURE 2. Kanban system 7 1. Background information The objective of the term paper is to introduce and highlight the benefits of Just-In-Time (JIT) systems for customer satisfaction‚ and the industry
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Introduction Just In Time (JIT) Management 2 2.0. Basic Features if JIT 3 2.1. Plant Layout 3 2.2. Grouping and Empowerment of Employees 3 2.3. Total Quality Control 4 2.4. Traceability of Overhead Costs 4 2.5. Inventory Effect 5 3.0. Setup and Carrying Cost: The JIT Approach 6 4.0. Due Date Performance: The JIT Solution 7 4.1. Long-Term Contract 7 4.1.1. Continuous Replenishment 7 4.1.2. Electronic Data Interchange (EDI) 7 4.1.3. JIT II 8 4.2. Reducing Setup
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The Just In Time Inventory System The Just In Time (JIT) inventory system is an inventory strategy used by businesses to increase productivity‚ quality of product and sales‚ while decreasing labor costs and space. JIT allows a company to purchase materials only as needed to meet actual customer demand. When using JIT‚ inventory can be reduced to the bare minimum‚ even to zero. To successfully implement the JIT inventory system you must carefully schedule material to arrive when needed
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Tata Motors Industry Analysis: Tata Motors is currently situated in India with only 6% of the revenue coming from exports. India’s automobile market has grown steadily over the last seven to eight years‚ with the exception of the previous two years where the effects of the global downturn were felt‚ primarily in sales of passenger vehicles. Indian automobile market (passenger vehicle) share is currently little more than 4% of the total available market. In the year 2011-12‚ total 2.53 million
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ABSTRACT This study investigates the relationship between the level of just-in-time (JIT) implementation and performance. The study employed self-administered questionnaire survey to collect data from Malaysian manufacturing companies. The statistical tests provide empirical evidence to support the predictions that the level of JIT implementation is related to perceived performance. The results reveal that the level of JIT implementation is positively related to both financial and non financial performance
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CHAPTER 1 INTRODUCTION 1.1 INTRODUCTION TO THE STUDY Customer satisfaction is defined as the measurement of how a company’s products or services meet or surpass its customer’s expectations. It is also a measure of how the customer perceives the way the company’s representatives dealt with his or her needs. Customer satisfaction plays an important role in determining the likelihood of an organization’s success and profitability over the long term. It is an important way of business
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lakhtakia car in common man ’s language in India) having the tag of world ’s cheapest Car‚ has been launched with much fanfare. Nano launched by Tata Motors is going to change the face of Indian automotive industry for the second time after the launch of Maruti 800 in the year 1983. Braking the technology barrier Tata Nano will open new vistas in Car segments in the automobile market. People ’s Car Tata Nano after 100 years It was the year 1908 when Ford Motor ’s Model ’T ’ was launched with a price
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inventory. Basically the idea of JIT is to produce necessary items at the necessary time in the necessary quantity needed. It is a management philosophy and not a technique‚ which is associated with the management process and not the end-result. In other words‚ the idea is to supply materials only when needed for production to eliminate storage costs and waste. This report is to understand the processes in JIT as well as to identify the reason behind employing JIT system within a company and its
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plans for launch of small cars in India. Maruti Suzuki India‚ largest passenger car manufacturer in India‚ has more than sixty percent share of the domestic small-car segment. History of Indian Auto Market:- Following economic liberalization in India in 1991‚ the Indian automotive industry has demonstrated sustained growth as a result of increased competitiveness and relaxed restrictions. Several Indian automobile manufacturers such as Tata Motors‚ Maruti Suzuki and Mahindra and Mahindra‚ expanded
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by implementing systems and processes to supply a product or service exactly when it is needed‚ and how it is needed in the production process. The concept of JIT is widely accepted today by many American manufacturing companies‚ and it is a means of controlling costs through striving to maintain lean inventories—in fact‚ the concept of JIT was introduced in the early 1980’s to the U.S. as a concept know as “zero inventories”. This inventory control concept involves close relationships with vendors
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