How to Reduce the Vendor Risks with Just-in-Time ?




Just-in-time
Knowledge Center

Translate

Forum
9
James Zhang
Manager, China

How to Reduce the Vendor Risks with Just-in-Time ?

When we execute JIT, we normally require our vendor to prepare some stock to deliver fast.
If there are design change requests, or other products updates, how to reduce vendor stock risk?
 
Comments

Rating

 
4
Eric Schmitz
Consultant, Belgium
 

Vendor Stock Risk: How to Reduce?

Just-in-Time is a methodology belonging to a lean strategy and should follow the basics of lean thinking.
Respect for all, continuous improvement and stable processes are fundamentals of lean.
As a consequence J.I.T. also has to follow these fundamentals.
So, the risk of the safety stock for design change requests and other products updates at vendor’s side should be the responsibility of the customer. How to cover this risk?
Possible actions are:
* Delivery lead times based on actual process performance
* Possibility for rework of ‘old’ type to ‘new’ type as condition for design changes and updates
* Safety stock of components and raw material and not finished goods
* Close and deep partnership between vendor and customer in order to optimize the material- and data-flow.
Who can give us other solutions?

   

More on Just-in-time:
Summary
DIscussion Topics
Definition of Just-in-time
Assumptions of Just-in-time (JIT)
Single Minute Exchange of Dies
Combining JIT and Outsourcing
The Principles of Lean
👀How to Reduce the Vendor Risks with Just-in-Time ?
Can Just-in-Time Work Without Kanban?
Lean Manufacturing Tools for Beginners
Just-in-time: Problematic or Possible?
Experiences with Including Purchased Parts in Kanban
Importance of Inventory Velocity
Lean and JIT Manufacturing
Classification of Lean Tools
Just-in-time Needs Flexibility
Kanban and Procurement Planning
Sustainable Business Approach after Years of JIT
The Impact of JIT on the Organization of Production Planning
JIT in Variable Marketplaces
🔥List of Barriers to Just-in-Time | Barriers to JIT
Customer Support in Just in Time is Needed
Information Velocity
Poka Yoke - Explanation
Disadvantages of JIT
JIT is Playground for Big Companies
Intent of Just in Time
Special Interest Group

Do you know a lot about Just-in-time? Become our SIG Leader

Just-in-time
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2023 12manage - The Executive Fast Track. V16.0 - Last updated: 30-1-2023. All names ™ of their owners.