Just In Time

JUST IN TIME

Other names for JIT   

ZIPS (Zero inventory production system) MAN (Materials as needed) NOT (Nick of time)

Meaning JIT means that virtually no inventories are held at any stage of production and that the exact number of units is brought to each successive stages of production at the right time.

BASIC PRINCIPLES          

Unreliable or unpredictable deliveries Poor quality from suppliers Increased variety of materials Machine breakdown Labour absenteeism Frequent machine setting Variation in operators’ capabilities Schedule changes Changing product priorities Product modification

Advantages        

Warehouse cost Low risk Selection of suppliers Maintenance cost Quality materials Low cost of materials Market fluctuations No idle investment

Push/Pull production  

Produce on demand (pull system) Produce to forecasts of demand or make to stock (push system)