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Benefits and drawbacks of Just-In-Time manufacturing

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Just-in-Time (JIT) manufacturing is a philosophy aimed at eliminating waste and continuously improving productivity by keeping stock levels low and receiving stock just before it is needed in production. JIT was developed in Japan after World War II to make efficient use of limited resources and optimize costs and quality. It involves producing goods only after receiving customer orders to achieve the highest output at the lowest unit cost.

EducaçãoNegóciosEconomia e finanças
1 de 12
By- Shashank kulshrestha
What is JIT ? ,[object Object]
Emergence of JIT ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Functioning of JIT
Functioning of JIT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
JIT Purchasing ,[object Object],[object Object],[object Object]
Objectives of JIT Purchasing ,[object Object],[object Object],[object Object],[object Object]
Companies adopted JIT
Some companies, benefited by adopting JIT
[object Object],[object Object],[object Object],[object Object]
Advantages of JIT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Disadvantages of JIT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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