JIT TO JIC

TRANSITION DUE TO PANDEMIC

JIT (JUST IN TIME)

JIC (JUST IN CASE)

SUB : MATERIAL MANAGEMENT

BY
VAIBHAV BANDEKAR
M2020096
 JUST IN TIME
ALSO KNOWN AS TOYOTA PRODUCTION SYSTEM
 DISADVANTAGE OF JIT
 NON UNIFORM DEMAND
 TRANSPORTATION INFRASTRUCTURE
 NATURAL DISASTERS
 POOR QUALITY CONTROL
 VULNERABILITY TO OTHER SUPPLIERS
 PRODUCTION PROBLEMS
 MAN POWER

RESULTS IN COSTLY PRODUCTION INEFFICIENCIES - SHUTDOWNS

JUST IN CASE
 DISRUPTION DUE TO
PANDEMIC
• CHANGES THE DEMAND, AND FORECAST
• CAUGHT OFF GUARD
• LOSS OF RESOURCES – MAN, MONEY, MATERIAL
• WORLDS COME TO STILL
• NO CLEAR VIEW OF LIFE COMING BACK TO NORMAL PACE
 IMPLEMENTATION DURING
PANDEMIC
• DIFFICULTY PREDICTING CONSUMER DEMAND OR EXPERIENCES LARGE SURGES
IN DEMAND AT UNPREDICTABLE TIMES.
• INVENTORY STRATEGY.
• USED FOR RAW MATERIAL AS WELL AS FINISHED GOODS
• MINIMIZES THE PROBABILITY OF BEING OUT OF STOCK.
 STAGES WHERE JIC IS USED
• SUPPLY OF RAW MATERIAL – SOLVES THE ISSUE OF SUPPLIER DEPENDENCY
- PRODUCTION DELAYS CAN BE HANDLED
• SPARE PARTS – SOLVES THE ISSUES OF MACHINE FAILURE
- LOSS OF PRODUCTION TIME IS PREVENTED
• MULTIPLE TRANSPORTER’S – DELAY IN SUPPLY CHAIN
- CUSTOMER SATISFACTION
• STOCK OF FINISHED GOODS – SOLVES THE ISSUE OF VARIABLE DEMAND
 DISADVANTAGES OF JIC

• UNKNOWN PROBLEMS
• HOW MUCH INVENTORY IS ENOUGH INVENTORY
• CAN BE USED ONLY FOR NON PERISHABLE GOODS
 CONCLUSION

• THIS PANDEMIC HAS TAUGHT US TO CONSIDER ALL OPTIONS AND FIND THE
MIDDLE GROUND (OPTIMAL AND PRACTICAL).
• THIS GLOBAL CRISIS HAS GIVEN US THE OPPORTUNITY TO RE-LEARN AND
RECONSIDER THE TRADITIONAL METHODS OF MANUFACTURING TO SAY THE
VERY LEAST.
• NEED TO SITCH TO HYBRID SYSTEMS
THANK YOU