The document discusses how Just-In-Time inventory impacts supply chains differently depending on the industry. It analyzes the benefits and downfalls of JIT, how it affects organizations, and why it is more effective in some industries than others. The author aims to identify where JIT is successful versus not and understand how supply chain strategies can be optimized for different industries.
The document discusses how Just-In-Time inventory impacts supply chains differently depending on the industry. It analyzes the benefits and downfalls of JIT, how it affects organizations, and why it is more effective in some industries than others. The author aims to identify where JIT is successful versus not and understand how supply chain strategies can be optimized for different industries.
The document discusses how Just-In-Time inventory impacts supply chains differently depending on the industry. It analyzes the benefits and downfalls of JIT, how it affects organizations, and why it is more effective in some industries than others. The author aims to identify where JIT is successful versus not and understand how supply chain strategies can be optimized for different industries.
industry to industry what that impact is. Author: Mason McCauley By: Ateeb bin Muzafar Fatima Waseem Rida Ali Wajeeha Gull TOPIC
• The topic of this paper covers the supply chain concept of
Just-In-Time Inventory and the impact it may have on the following: 1. Overall process of supply chain 2. The type of industry JUST IN TIME • A strategy used to increase efficiency and decrease waste • It aligns raw-material orders from suppliers directly with production schedules • This method requires producers to forecast demand accurately. • Also known as the Toyota Production System (TPS) because the car manufacturer Toyota first adopted the system in the 1970s. • The success relies on: – steady production – high-quality workmanship – no machine breakdowns – reliable suppliers. Objective of the Author • To analyze: 1. The use of JIT, its benefits, and downfalls 2. How JIT impacts the overall organization 3. Why JIT is more effective and beneficial in only certain areas 4. Whether the concept of JIT grow or diminsh Objective of the author - continued • To identify where the JIT strategy is successful and where it does not work • To understand how differing supply chain strategies can be adjusted to produce the best overall outcome of the end to end supply chain