Just In Time system (JIT) was developed at the Toyota Motor company in Japan in the mid- 1970s by Taiichi Ohno and several of his associates. The roots of JIT system can be traced to the Japanese environment wherein lack of space and lack of natural resources necessitated efficiencies in processes and the use of limited natural resources. Thus the Japanese have developed an aversion to waste of any type‚ whatever it may be. Scrap and rework were also considered waste and thus they strive for perfect
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What is Just in Time (JIT)? Solution: Just in Time can be defined as an inventory strategy that is employed by an organization to increase the efficiency and also reduce the waste by receiving the goods only when they are actually required. This can help in reducing the inventory costs. This method will be most useful when the management is able to accurately forecast the demand. JIT stands for just in time‚ and this is an approach which is used in inventory valuation. It is a system which ensures
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Chapter 1: Overview of Nokia Company 1.1 History of Nokia Nokia started as a wood-pulp mill in southern Finland and started to manufacture paper in 1865 by engineer Fredick Idestam. Since the demand for paper and cardboard was high and there was European industrialization‚ Nokia become successful. In 1895‚ Nokia is passed to Gustaf Fogelholm. In 1920s‚ the Rubber Works started to use Nokia as their brand name. Nokia produced footwear‚ tyres‚ rubber bands‚ industrial as well as raincoats. After
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Just-In-Time Manufacturing Just-In-Time manufacturing‚ commonly referred to as JIT‚ is a company wide philosophy aimed at eliminating a company ’s waste. Waste can be found in many forms. For example it can be defined in the material form such as plastic or metal scrap‚ or it can be defined in the administrative form as excessive overhead that slows production or adds an unnecessary expense. The basic theory behind JIT is a pull system that is driven by a demand of supplies. This results in
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the busiest time of year for North Pole Workshops. Production is in high gear‚ and the elves are on overtime in the sprint toward Christmas. But an unexpected spike in demand for one toy may leave children around the world disappointed on Christmas morning‚ whether they‘ve been naughty or nice. At the same time‚ another toy’s popularity threatens to plummet‚ leaving Santa and his elves faced with the prospect of millions of unloved playthings left in the warehouse. This is the third time in three years
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| |Just in Time Manufacturing | |A Briefing Paper on the Just-in-Time Philosophy | | | Abstract Just-in-Time manufacturing
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Just-In-Time Distribution and Barilla SpA Anybody who knows something about business had heard the term Just-in-time (JIT) inventory. It involves producing only what is need‚ when it is needed. The principle of Just in time is to eliminate sources of manufacturing waste by getting the right quantity of raw materials and producing the right quantity of products in the right place at the right time.(1) In this way‚ manufactures receive parts and materials "just in time" to meet the day’s manufacturing
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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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Sri Lanka in Nairobi‚ kenya He is the youngest player to make a ODI century at just 16 years and 217 days. Second fastest is Mark Boucher. He made his maiden ODI century‚ hitting an unbeaten 147 against Zimbabwe from a mere 68 balls. His hundred came up off just 44 balls‚ the second-fastest ODI century ever. Boucher did benefit‚ however‚ from some very poor Zimbabwean fielding‚ being dropped no fewer than six times during his innings. Third fastest is Brian Lara in 45 balls against Bangladesh
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Just In Time (JIT) Introduction JIT is system whether company starts manufacturing/purchasing once the customer orders the good effectively making zero inventories. In other words‚ in a JIT environment materials are purchased and produced as and when it is needed. The whole idea is based on the phrase provide the goods just in time as promised when the order is placed by the customer. The opposite of the JIT production is known as JIC (Just in case) system where it produces goods for inventory
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