Is Jit Manufacturing the Right Prescription

Is JIT Manufacturing the Right Prescription? Contemporary Journal Submitted By Anish Pokhrel chronicle have a go at itment is one of the important and challenging functions for any manufacturing firm. intention a product which customer would like is an art and base the same product to the customer when they demand is heed. They both must go together for any manufacturing firm to succeed. In prehistorical many firms and business owners use to feel pride for stocking the products and blunt materials in the w are houses just ready to ship or move into production process at the time needed. scarce today this is not the case. Many owners and business firms have recognize that true cost of carrying neckcloth. Because when we add the inventory handling, cost of inventory storage and ware house rents, and damages during the movement and loony toons of the inventory might bring up the cost up to as high as 25 to 30 portion of the actual inventory value in a precise period of time. Its a proven fact that spare inventory is excess cash that whitethorn or may not benefit the firm or manufacturing business. So thither came a management philosophy focused on how to manage and how the supply chain fits on the manufacturing process called Just in Time (JIT). Its alike called lean manufacturing.

This is one of the top hat ways to improve profitability. As it name itself defines it that it is the formation where the inventories are ordered and manufacturing is started just as when needed rather than time lag or booking in advance. This method was first used by Ford Motor Company in the latish 19th century. The main theme of this kind of inventory management system is to manage inventory so that you have the right(a) type of material in right time also in the right place and the right amount needed. And when this system is used with the modern technology it helps the manufacturing companies to keep the better lede of inventory available and also arrange reorders as concisely as there is certain level... If you want to get a full essay, order it on our website: Orderessay

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