This is the Topic of Production and Operation Management

1. University of Haripur
Management Science
 Name: Munir Ahmad
 Roll No: 3319
 Class: BBA 7th
 Subject: Production and Operation Management
 Topic: JIT

2. Contents
 What is JIT?
 History of JIT
 Advantages of JIT
 Disadvantages of JIT

3. Just in Time
 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.
 It is basically Inventory system.
 Eliminates waste of time, labor and storage space.
 Some firms, consultancies, and writers have posed
alternate terms for JIT manufacturing.
 Demand-flow Manufacturing (DFM).
 Toyota Production System.

4. History of Just in Time Inventory
Some people say that the statement first used by Toyota,
and some people contradict that this statement first
used by Japan's shipyards.
It is clear that its development was primarily in Japan,
economists proposed four reasons:
1. Japan's lack of cash
2. Japan lacked space to build big factories loaded with
inventory.
3. The Japanese islands natural resources were not
discovered
4. Lack of efficiency and skilled labor

5. Migration to the West
 News about JIT/TPS reached western shores in 1977
 Implementations begin in 1980 and then quickly
multiplied throughout industry in the United States
and other developed countries.

6. Advantages
 Less space required for stock
 Closer relationships with suppliers
 Reduced the cost of production
 Less vulnerability to fashion and technology changes
 Reduction in stockholding costs
 Increase in cash flow
 Reduce the wastage

7. Disadvantages
 High dependence on suppliers
 Less time for quality control on arrival of materials
 Increased ordering and admin costs
 May lose bulk-buying discounts
 It takes time to established
 Little room for mistakes

8. Thank you
 Freely ask Questions?
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