REAL LIFE PROJECT
Just In Time (JIT) Today
Name: Aleksandra Kotevska
Instructor: C. Liassides
Abstract
In this report one of the most important concepts of today’s business environment just-in-time is explained. A brief paragraph of the beginning of the creation is given. Further on the importance of the concept is evaluated throughout examples. In the following parts of the report all the benefits and possible problems throughout the implementation of the JIT are listed and briefly explained. In the second part of the assignment two companies, Toyota Motor Company and General Motors are chosen as companies that are implementing JIT strategies. The various problems and opportunities they faced are explained in order to better grasp the importance of the concept. In the end the conclusion generates the overall outlook on the issue of just-in-time systems.
Table of Contents
Introduction 4
JIT systems analysis 4
History 4
Importance of the concept 5
Benefits of JIT Systems 6
Problems within JIT Systems 8
Company Analysis 9
Toyota Motors 9
General Motors 11
Conclusion 13
Reference list 13
Introduction
In today’s fast-paced environment organizations are trying more and more to satisfy the altering consumer demands and therefore became more international and vigorous. Customer’s needs are changing throughout time and nevertheless they are not satisfied merely by good quality but they demand more variety, quality service, faster delivery etc. Since the implementation of the JIT (Just-in-time) systems in the 1970’s it has been considered that the JIT system is the most important survival strategy that boosts organizations ahead of their competitio ...