Just-in-Time Inventory Control.
Title: Just-in-Time Inventory Control.
Category: /Business & Economy/Marketing and Advertising
Details: Words: 2864 | Pages: 10 (approximately 235 words/page)
Just-in-Time Inventory Control.
Category: /Business & Economy/Marketing and Advertising
Details: Words: 2864 | Pages: 10 (approximately 235 words/page)
The objective of this paper is to give a summarization of the definition; the advantages and disadvantages; ordering systems; and decision making that goes into the Just -In-Time inventory control system.
Definition and History
Just-In-Time (JIT) is a process for optimizing manufacturing processes by eliminating waste including wasted steps, wasted materials, and excess inventory (Damiano, 2004). The Just-in-Time Inventory (JIT) concept was developed in the 1950's by Taiichi Ohno who was employed by the Japanese Toyota
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Damiano, J. (2004). Just-in-Time inventory. Retrieved November 12, 2004, from http://www.littlehouse.netfirms.com/Articles/JIT.htm
Hugh, J. (2001, August 31). W. Edward Deming's 14 points. Retrieved November 14, 2004, from http://claymore.engineer.gvsu.edu/~jackh/eod/quality/quality-39.html
Obringer, L. A. (1999-2004). Inventory and supply chain management. Retrieved November 13, 2004, from http://money.howstuffworks.com/operations4.htm
University of South Dakota (2004). Production planning & JIT. Retrieved November 14, 2004, from http://www.usd.edu/!rlau/jit.htm#jit