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Product Life Cycle Management

Product Life Cycle Management

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Published by: Dennis Onchieku Onyando on Mar 07, 2013
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10/09/2013

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The Just In Time (JIT) technique is a lean manufacturing tactic designed to reduce manufacturing
costs by reducing and eventually eliminating the product parts or components in a company
inventory. The idea behind the technique is to have enough product parts or components in

NPD Stage 6: Technical Implementation

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inventory (in a warehouse) to achieve production of a specific number of product units. Usually this
specific number being the number of ordered units by the customers.

This tactic or technique which, was first tried and developed by Toyota Motor Corporation, has the
advantage of cutting costs by reducing or eliminating the stocked pilled unsold products or product
parts. But in the same time has the risk of stopping or even slowing down the production line in the
case of a bad or faulty part since there are usually no replacement parts as the product parts or
components are just the ones required to have a certain number of product units. Also ones of the
tactics main characteristics is the one of been able to plan an exact production timetable based on
the available product orders and save money on labor.

Source: This article is licensed under the GNU Free Documentation License, On-line
http://www.gnu.org/copyleft/fdl.html.

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http://en.wikipedia.org/wiki/Just_In_Time.
For more information please see: http://en.wikipedia.org/wiki/Wikipedia:Copyrights

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