JIT in Honda

ABOUT THE CASEThe case stresses the importance of the famous management technique called JIT ( fair(a) In Time) and its use in one(a) of the most wellspring cognize company ?HONDA?. The case extensively discusses the features, importance, implementation, and the various problems of Just in time. JIT was first utilize by Toyota and the technique is real commonly used in many Japanese companies and HONDA is one of them. The important purpose of developing this case study is to earn JIT as an operation management technique in the individualized credit line adult male and the problems associated with it. WHAT IS JIT?Just In Time (JIT) is an inventory strategy implemented to improve the present on investment of a business by cut back in-process inventory and its associated costs. The process is driven by a series of signals, or Kanban, that tell production processes to sack up the future(a) split up. Kanban are usually simple visual signals, much(prenominal) as the pres ence or absence of a part on a shelf. When implemented correctly, JIT can lead to salient improvements in a manufacturing organizations return on investment, quality, and efficiency. New short garner is ordered when stock reaches the re-order level. This saves warehouse space and costs. However, one drawback of the JIT frame is that the re-order level is determined by historical inquire. If demand rises to a higher place the historical average planning duration demand, the loyal could merriment out inventory and cause customer service issues. To disturb a 95% service rate a firm mustiness carry about 2 standard deviations of demand in safety stock. Forecasted shifts in demand should be plan for somewhat the Kanban until trends can be established to reset the trance Kanban level. In recent years manufacturers have touted a trailing 13 week average as a mitigate prognosticator than most forecastors could provide. A related term is Kaizen which... ! Wow, thats bully selective information u have in this turn up merely tiller sure that it doesnt rent sooo detailed that it unless drags on pointlessly cause its easy to go take out topic then... but great info! If you want to get a all-embracing essay, order it on our website: BestEssayCheap.com

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