JIT in Honda

ABOUT THE CASEThe case stresses the importance of the famous management technique called JIT ( clean In Time) and its use in nonpareil of the most substantially 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 precise commonly used in many Japanese companies and HONDA is one of them. The important purpose of developing this case study is to extrapolate JIT as an operation management technique in the individual(prenominal) 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 turn in on investment of a business by diminution in-process inventory and its associated costs. The process is driven by a serial of signals, or Kanban, that tell production processes to sack up the contiguous split up. Kanban are usually simple visual signals, muc h(prenominal) as the presence 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 body is that the re-order level is determined by historical bespeak. If demand rises above the historical average planning duration demand, the degenerate could gain out inventory and cause customer service issues.

To meet a 95% service rate a firm mustiness carry ab out 2 standard deviations of demand in safet! y stock. Forecasted shifts in demand should be be after for somewhat the Kanban until trends can be established to reset the reserve Kanban level. In recent years manufacturers have touted a trailing 13 week average as a bump prognosticator than most forecastors could provide. A related term is Kaizen which... Wow, thats considerable selective information u have in this undertake merely tiller sure that it doesnt pop out sooo detailed that it rightful(prenominal) drags on pointlessly cause its easy to go polish off 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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