Essay on jit

JIT philosophy aims at reducing waste, which is defined by Fujio Cho of Toyota as - “any thing other than the minimum amount of equipment, materials, parts, space and worker’s time, which are absolutely required to add value to the product.” Thus waste is any resource used in excess of the minimum amount required to add value to the product.

With the growth of economy JIT, many modern companies use JIT as a competitive advantage. It also helps service organizations become more efficient and its benefits. Gaither and Frazier (2002) state that, these are benefit of JIT: Avoid wasting inventory in production as well as reduce the cost of scarp.

Also, discuss the characteristics, advantages and disadvantages of the JIT system. It is a management philosophy which aims at eliminating waste from every aspect of manufacturing and its related activities. The term JIT refers to producing only what is needed.

Just-in-time (JIT) is an inventory strategy that strives to improve a business’s return on investment by reducing in-process inventory and associated carrying costs [ 1]. This philosophy was first developed and perfected within the Toyota Corporation by Taiichi Ohno as a means of meeting consumer demands with minimum delays.