Assumptions of Just-in-time (JIT)

Just-in-time
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Aruna Bhatta

Assumptions of Just-in-time (JIT)

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.

  kambam vedantan
 

JIT in Retailing and Manufacturing

The JIT approach is applicable in retailing as much as manufacturing. It's basically about managing inventories to correlate with demand & supply of products. In my opinion JIT is now more relevant than before, since companies are facing a resource crunch. It helps them to plan & organize funds so that both the manufacturer & supplier will benefit.

  Peer Gelser
 

Conditions of Just-in-time (JIT)

Re.1: Actually it doesn't depend on the product, b (...)

  Greg
 

Make sure you have a backup plan

I agree, it works very well when you have establis (...)

  Manikandan
 

Non-applicability of JIT for Retailing

@kambam vedantan : With due respect for the respon (...)

  Makarand
 

Assumptions of Just-in-time (JIT)

JIT works best when supplier's capacity is mostly (...)

  Hisham Najam
Student (University), Italy
 

Ishikawa Quality Circles

Point #3 reminds me of Ishikawa's Quality Circles (...)

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