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Assumptions of Just-in-time (JIT)
Aruna Bhatta
Assumptions for effective JIT:
1. It depends on the type of product a company is manufacturing. JIT works best in food (perishable) business, fashion but can also be applied in cars manufacturing like in Toyota.
2. Deep buyer-supplier relationships
3. Buyer should be close to the supplier in terms of location
4. Effective two-way communication between buyer and supplier
5. Good demand forecasting or stable demand.
6. Suppliers should be agile (if there is a high fluctuation in demand, suppliers should be able to adjust and meet the required demand)
7. Effective collaboration and integration between the different partners in the supply chain.
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JIT in Retailing and Manufacturing
kambam vedantan The JIT approach is applicable in retailing as much as manufacturing. It's basically about managing inventories to correlate with demand & supply of p...  |
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Conditions of Just-in-time (JIT)
Peer Gelser Re.1: Actually it doesn't depend on the product, but on the logistics build up and planning in an organization - including well defined marketing and ... |
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Make sure you have a backup plan
Greg I agree, it works very well when you have established guidelines, accountability and...A GOOD BACK UP PLAN during those critical moments when your sup... |
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Assumptions of Just-in-time (JIT)
Makarand JIT works best when supplier's capacity is mostly used for the customer and so supplier has a very high dependence on the customer. This must always b... |
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Eric Schmitz
