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TQ ALL, GOOD JOB

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Definition Of Just-In-Time

Just-in-time (JIT) manufacturing is a production model in which items are created to meet demand, not created in surplus or in advance of need. The purpose of JIT production is to avoid the waste associated with overproduction, waiting and excess inventory,

Advantages Of Just-In-Time

Just-in-time inventory control has several advantages over traditional models. Production runs remain short, which means manufacturers can move from one type of product to another very easily. This method reduces costs by eliminating warehouse storage needs. Companies also spend less money on raw materials because they buy just enough to make the products and no more.

Disadvantages Of Just-In-Time

The disadvantages of just-in-time inventories involve disruptions in the supply chain. If a supplier of raw materials has a breakdown and cannot deliver the goods on time, one supplier can shut down the entire production process. A sudden order for goods that surpasses expectations may delay delivery of finished products to clients.                                                                                                                                                                                                                                                                                                                      (RABIATUL ADAWIYAH BINTI AKALALI 01DPM15F1034)

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The just-in-time inventory model allows companies to reduce their overhead expenses while always ensuring that parts are available to manufacture their products. Many companies, including Dell and McDonald's, use some sort of just-in-time inventory management to serve their customers better while lowering the cost of doing business. (01dpm15f2008, Maizatul Shiera bt Ashri)

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Just In Time is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This method requires producers to forecast demand accurately.
(NUR SYUHADA BINTI NORHISAM
01DPM15F2011)

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Advantages of Just-in time
Companies like to use JIT as it is seen as a more cost efficient method of holding stock. Its purpose is to minimise the amount of goods you hold at any one time, and this has numerous advantages: Less space needed: With a faster turnaround of stock, you don’t need as much warehouse or storage space to store goods. This reduces the amount of storage an organisation needs to rent or buy, freeing up funds for other parts of the business. Waste reduction: A faster turnaround of stock prevents goods becoming damaged or obsolete while sitting in storage, reducing waste. This again saves money by preventing investment in unnecessary stock, and reducing the need to replace old stock. Smaller investments: JIT inventory management is ideal for smaller companies that don’t have the funds available to purchase huge amounts of stock at once. Ordering stock as and when it’s needed helps to maintain a healthy cash flow.
(Noorhafitrah binti md Rashid 01DPM15F2012)

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Just-in-time (JIT) is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This method requires producers to forecast demand accurately.

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Disadvantages of just in time (JIT)

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MB0044 : List the objectives of JIT. Explain briefly characteristics of JIT.
Answer : Just-In-Time (JIT) manufacturing is a process by which companies don't keep lots of excess inventory; instead, they manufacture a product as an order comes in. It is a management philosophy of continuous and forced problem solving.

The objective of JIT manufacturing system is to:

Eliminate waste that is, minimise the amount of equipment, materials, parts, space, and worker's time, which adds a great value to the product

Increase productivity

JIT means making what the market demands when it is in need. It is the most popular systems that incorporate the generic elements of lean systems. Lean production supplies customers with exactly what the customer wants, when the customer wants, without waste, through continuous improvement.

Deploying JIT results in decrease of inventories and increases the overall efficiencies. Decreasing inventory allows reducing wastes which in turn results in saving lots of money.

There are many advantages of JIT:

Increases the work productivity

Reduces operating costs

Improves performance and throughput

Improves quality

Improves deliveries

Increases flexibility and innovativeness

For industrial organisations to remain competitive, cost efficiencies have become compulsory. JIT helps in this process. It is extended to the shop floor and also the inventory systems of the vendors. JIT has been extended to mean continuous improvement. These principles are being applied to the fields of Engineering, Purchasing, Accounting, and Data processing.

The consequent savings are to be utilised for reducing cost and rendering better service to the customer. Shigeo Shingo an authority on JIT at Toyota classifies the wastes to be eliminated as follows.

The seven wastes to be eliminated according to JIT are:

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MB0044 : List the objectives of JIT. Explain briefly characteristics of JIT.

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MB0044 : List the objectives of JIT. Explain briefly characteristics of JIT. Answer : Just-In-Time (JIT) manufacturing is a process by which companies don't keep lots of excess inventory; instead, they manufacture a product as an order comes in. It is a management philosophy of continuous and forced problem solving.

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Just-in-time inventory management is a cost-cutting inventory management strategy though it can lead to stockouts. The goal of JIT is to improve return on investment by reducing non-essential costs.
(LEONG PEI WEN 01DPM15F2003)

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just in time is production produce product only for demand customer to prevent from over supply. it also to make production more effective and efficient.
(Noor hasanah anuar. 01dpm15f2022)

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Produce product based on demand only
(nor hafizah bt ahmad 01dpm15f2020)

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Definition of just in time

Group member :
Noor hasanah bt anuar
Nor hafizah bt ahmad
Siti nur iziati bt mohamed zaini
Nur azmina bt norsharuddin
Siti aisyah humairah bt azni
Siti nur hazirah bt razali

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Assalammualaikum....