(goods not yet finished)
All the oil companies uses JIT, which causes spikes in prices when demand is too high.
In service industry the just in time pertains to delivering schedule while in a manufacturing environment , JIT is used for batch completion.
By taking a JIT approach to inventory and product handling, companies can often cut costs significantly. Inventory costs contribute heavily to the company expenses, especially in manufacturing organizations. By minimizing the amount of inventory you hold, you save space, free up cash resources, and reduce the waste that comes from obsolescence.
A good and long-term relationship between organization and its suppliers helps to manage a more efficient process in inventory management, material management and delivery system. It will also assure that the supply is stable and available when needed.Important thing about just-in-time inventory practice is that companies should build trust and have good relationship with their suppliers because just-in-time practice requires stable, fast and flexible supply of materials. Only if they have good relationship can this be done.
share inventory
((apex)) Computer inventory systems
A Kanban system is a means to achieve Just-in-time (JIT) production. It works on the basis that each process on a production line pulls just the number and type of components the process requires, at just the right time You can have JIT without Kanban But cannot have Kanban with JIT
JIT is an integrated set of activities designed to achieve high-volume production using minimal inventories of parts that arrive at the workstation "just in time."
John N. Petroff has written: 'Handbook of MRP II and JIT' -- subject(s): Just-in-time-systems, Manufacturing resource planning, Production control
Jit Samaroo was born in 1950.
Indar Jit Rikhye died on 2007-05-21.
Indar Jit Rikhye was born on 1920-07-30.
Param Jit Kumar has written: 'Roll call of death'
discuss the various inventory models used in industries. do you think JIT inventory is successful in india?Explain.
Please visit these Web sites for detailed information regarding variable product costing and JIT inventory systems: * http://www.smccd.net/accounts/nurre/online/chtr7.html * http://www.maaw.info/5partsofcostsystem.htm
il-le-jit-a-mit (illegitimate)