history ,concepts ,advantages and disadvantages of jit

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By siyyadri mounika

2. Just-in-time(JIT) is an
inventory strategy companies employ to
increase efficiency and decrease waste by
receiving goods only as they are needed in the
production process,thereby reducing inventory
costs.
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3. JIT is a manufacturing philosophy
involving an integrated set of
procedures/activities designed to achieve a
high volume of production using minimal
inventories.
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4.  Evolved in Japan after world war2,as a result
of their diminishing market share in the auto
industry.
 Toyota motor company –birthplace of the JIT
philosophy under Taiichi Ohno.
 JIT is now on the rise in American Industries.
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6.  Produce only the products the customer
wants.
 Produce with perfect quality.
 Produce products with only those features the
customer wants.
 Produce with minimum lead time.
 Produce with no waste of labour,material or
equipment every movement must have a
purpose so that there is zero idle inventory.
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9.  Elimination of waste and variability.
 Pull Vs. Push system.
 Manufacturing cycle time or through put
time.
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10.  Less space needed.
 Waste reduction.
 Smaller investment.
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11.  Risk of running out of stock.
 Lack of control over time frame.
 More planning required.
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