ABSTRACT
JIT is a management philosophy that strives to eliminate sources of manufacturing waste by producing the right part in the right place at the right time. The Waste results from any activity that adds cost without adding value, such as moving and storing. The idea of producing the necessary units in the necessary quantities at the necessary time is described by the short term Just-in-time.
The implementation of this management philosophy in industries like the automobile industry can bring about a see saw change in both quality & quantity since in a JIT system, underutilized (excess) capacity is used instead of buffer inventories to hedge against problems that may arise.
This seminar gives an over view of the JUST IN TIME technique by considering the TOYOTA PRODUCTION SYSTEM in detail.
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