• Eliminate waste of all kinds in the production process
• Improve product quality • Identify inefficient processes
Thus, save millions of dollars!!
2
Origin of JIT
Year
13
Globalization contd.
Shippers and receivers expect faster, smaller and reliable transportation
Present scenario Inventory costs are low Transportation distances are far
personnel, or technology Massive software installations for supply chain and inventory
management, with dubious returns
17
Recommendations
At times increased inventory protects producers against unpredictable demand fluctuations and breakdown in the supply chain
16
JIT programs that have exceeded optimum level of inventory reduction may exhibit some
of the following symptoms
Have not resulted in anticipated financial gains, or initial gains have diminished or reversed