What is Just-In-Time Manufacturing?
Just-in-time manufacturing is a strategy used in the business manufacturing process to reduce costs by reducing the in-process inventory level. It is driven by a series of signals that tell the production line to make the next piece for the product as and when it is needed. The signals used are usually simple visual signals, such as the absence or presence of a piece needed in the manufacturing process. Just-in-time manufacturing can lead to huge improvements in quality and efficiency. It can also lead to higher profits and a larger return in investment. A reorder level is set and new stock is ordered when that level is reached. There is no overstocking of parts. This saves on space in the warehouse. Just-in-time manufacturing was first used by Henry Ford of the Ford Motor Company. Ford only bought materials for his immediate needs in the manufacturing process. He bought only the amount of material needed to fit into his plan of production. He planned transportation of materials so the
SHARETHIS.addEntry({ title:”Just in Time : Achieving Excellence in Manufacturing”, url: “http://www.manufacturingcrossing.com/article/340004/Just-in-Time-Achieving-Excellence-in-Manufacturing/?”, summary:”A manufacturing company may not do most of its work in an office, but like any other company it can still benefit from more efficient office work. As for many other companies, there is an outside service available to help improve efficiency—in this case, a program called JIT (Just in Time). First developed by an employee of the Toyota Company, JIT aims to aggressively evaluate and improve the efficiency and functioning of a manufacturing company. The ultimate goal is to entirely overhaul the company so that everyone can work more efficiently and avoid loss of money and time.
