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Topics > Technology > Competitive Advantage of Just In Time Inventory


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Competitive Advantage of Just In Time Inventory

Abstract
Just-in-time (JIT) is a means of market pull inventory management imbedded within a humanistic environment of continuing improvement. Use of just-in-time methods results in considerable reduced inventory and enhanced customer response. However, to be successful, it requires a systemic and highly cooperative approach to inventory receipt, and delivery. ... The basic concept is to receive what is needed just in time for it to be used. This placed the responsibility on the supplier to get what is needed to where it is needed, just before the time it is needed. ... (‘Inventory’, 2002) After an overview of just-in-time inventory, total quality control and total productive maintenance will be discuss along with advantages and disadvantages of just in time inventory.







Inventory 3
Just-In-Time Inventory
“Just-in-time originated in Japan. ... At that time American workers produce nine times as much as a Japanese worker. ... In his system waste was eliminated by: just-in-time, items only move through the production system as and when they are needed, and by autonomation, automating the production system so as to include inspection, human attention only being needed when a

Inventory 4
defect is automatically detected whereupon the system will stop and not proceed until the problem has been solved. ... (‘OR-Note) With time and effort Toyota became competitive in the automobile industry.


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