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Provide a 5 pages analysis while answering the following question: JIT Inventory Management. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
Provide a 5 pages analysis while answering the following question: JIT Inventory Management. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Any activities that increase nonprofit activity such as uncalled for movements of resources, piling up of excess stock, and application of low-quality production system finalizing with products that need rework are eradicated (Stevenson, 2007).
The JIT system aims at dropping stock levels, the materials must be in constant motion, as in use, to increase profitability, minimizing cases of unpredictability, quality assurance, minimizing production and release lead times, and minimizing costs. The underutilization of the JIT system means that the economies of scale employment come in to counteract the problem. The process of JIT uses the same process repetitively. The main point in the department endeavors to maintain the flow processes by connecting work sources so as to achieve a leveled and reasonable flow of resources throughout the production process. likened to the assembling process. The achievement of such a process requires the strategic creation of goals and ensuring the availability of the product whenever needed. The original version of JIT was prompted by Toyota in the year 1950s. By the year 1970, various Japanese factories applied the use of the JIT system. The US employed the use of the system in 1980 the lean concept appears accepted and widely employed in recent times (Roy, 2005).
The level of MPS needs consistency with a pattern system of loading the plant. the system requires a uniform load constantly supplies on a daily basis, freeze windows creation ensures consistency in the production schedule for the set time. The mixed model assembly ensures the production of the same blend of products daily. it involves recurring process so as to manufacture a diversity of yields with the same qualities. Constant production enables the use of backflushing to manage stock. The end process of the system calculates the bill from the other end to reduce cases of shop floor usage (Stevenson, 2007).
Compress on timing- the duty that consumes thirty minutes reduced to seconds. NASCAR applies the system. .
