Intent of Just in Time
Jitendra In my view, ultimately the intent of just in time is to minimise cost. Which must be understood very well and planning should be done accordingly. For example if a process takes changeover time of 4 hours and has significant material loss in setup we must plan batch quantity accordingly. The JIT should be considered journey towards perfection in our processes, we should identify the hindering factors of all processes and work on that to achieve the best results.
Underlying Reasons for JIT
Addae Michael In my candid opinion JIT saves unnecessary cost incurred on stocking manufacturing materials in warehouses which include labor cost, cost on wear and tear and so forth. JIT therefore ensures prompt response to inventory requirements at less cost, In much the same way, finished products must be evacuated and distributed immediately to avoid holding cost. In principle I think JIT theory entails an in depth value chain analysis.
Eric Schmitz
