Just In Time Inventory
Running head: JUST-IN-TIME (JIT) INVENTORY
Just-In-Time (JIT) Inventory
Just-In-Time (JIT) Inventory
Just-in-time (JIT) inventory is an inventory control process that reduces in process or standing inventory to the minimum amount necessary to maintain flow. The process requires the ordering of raw materials in a manner that will support the manufacturing floor with no stock outs and maintain the business inventory turns at an acceptable level. This paper will discuss the importance of Just in Time materials management, as well as a brief history. Furthermore, we will provide a complete view of how the system is implemented and sustained through the use of daily metrics and visual management. Just in Time has a long standing proven history of minimizing the affects of high cost raw materials with long lead times.
JIT philosophy
Just in Time requires a discipline that comes from understanding today's business environments. Recently companies have been moving towards a......
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Approximate Word Count: 2118
Approximate Pages: 9 (250 words per double-spaced page)
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