JUST in TIME Introduction to Industrial management QUEST GROUP OF INSTITUTIONS MOHALI

1. Name :- Sajan Kumar Pandit
Branch:- Mechanical Engineering
Sem :- 6th
Roll No :- 1907313
Presentation topic :- just in time
Subject:- Introduction To Industrial Management

2. JUST IN TIME
Just-in-time or (JIT) is an
inventory management method
in which goods are received
from suppliers only as they are
needed.
Inventory management =
refers to the process of
ordering, storing, using,
and selling a company's
inventory.
just-in-time production or
the Toyota Production
System (TPS), was first
developed and perfected within
the Toyota manufacturing plants

4. Basic Objective (JIT)
WASTE REDUCTION
ZERO LEAD TIME
ZERO INVENTORY
ZERO FAILURES
(JIT)
JUST IN TIME
WAST REDUCTION
(MATERIAL
REDUCING)
ZERO INVENTORY
ZERO LEAD
TIME
ZERO
FAILURES

5. Advantages of just-in-time
Less space need
Waste reduction
you don’t need as much warehouse or
storage space to store goods. This reduces
the amount of storage an organization
needs to rent or buy, freeing up funds for
other parts of the business.
This again saves money by preventing
investment in unnecessary stock, and
reducing the need to replace old stock.

6. DISADVANTAGES OF (JIT)
JIT production will not be able to adapt well
to sudden increase in volume of demand
from the market, since the inventory levels
are maintained at much lower level.
JIT production can be very sensitive to any kind
of error. Since bare minimum inventory levels
are maintained, there is no room for any kind of
error.

7. THANK YOU