Just-In-Time Manufacturing

JOIN KHALID AZIZ  FRESH CLASSES  ICMAP STAGE 3  COST ACCOUNTING PERFORMANCE APPRAISAL  18 TH FEBRUARY 2010  INDIVIDUAL & GROUPS

JOIN KHALID AZIZ  ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM.  FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA.  COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA.  CONTACT:    R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA, KARACHI, PAKISTAN.

al-jamia BOOK HOUSE  MAXIMUM RANGE OF BOOKS  ACCA, CAT, CA, ICMAP, PIPFA, CIMA, CISA, CFA, CIA, BBA, B.COM, MBA, M.COM.  NIPA CHOWRANGI, NADEEM MEDICAL CENTRE, GULSHAN-E-IQBAL, BLOCK-6, KARACHI, PAKISTAN  

A Brief Overview  Central Themes  Prerequisites for Implementation  Just-In-Time Techniques  A Brainstorming Exercise  A Competitive Edge  Major Misconceptions of JIT

A Brief Overview (cont’d.)  Goals of Just-In-Time Manufacturing  Advantages of Just-In-Time Manufacturing  How JIT Works  A Real World Example  An Exercise  Summary

Just-In-Time Manufacturing: A Definition  Uses a systems approach to develop and operate a manufacturing system  Organizes the production process so that parts are available when they are needed  A method for optimizing processes that involves continual reduction of waste

Central Themes Surrounding Just-In-Time  Simplicity  Quality  Elimination of Waste

Prerequisites for JIT Implementation  A Reason for Changing  Executive Commitment  Strategic Manufacturing Plan  Commitment to Action

Just-In-Time Techniques  Inventory Reduction as a Tool for Improvement  Supplier Relationships  Inventory “Pull”  Uniform Plant Loading

Just-In-Time Techniques (cont’d)  Reduced Setup Times  Shop-Floor Layout and Production Cells  Total Quality Assurance  Preventive Maintenance

Brainstorming Exercise:  How can Just-In-Time Manufacturing be Effective in your Business?

A Competitive Edge  Integrating and Optimizing  Improve Continuously  Understanding the Customer

The Major Misconceptions of JIT  JIT is Only an Inventory Control System  It is a Method to “Push” Inventory Back to the Supplier  JIT is a Quality Control Program

Goals of Just-In-Time Systems  Design for Optimum Quality and Cost  Minimize resources needed for Design and Manufacturing  Be Responsive to the Customers Needs

Goals of Just-In-Time Systems (cont’d)  Develop Trust and Open Relationships with Suppliers and Customers  Develop a Commitment to Improve the Total Manufacturing System

Advantages of JIT Manufacturing  Materials Cost Savings  Manufacturing Cost Savings  Sales Cost Savings

Elements in Materials Cost Saving  Reduction of Suppliers  Long-term Contracts  Reduce Order Scheduling  Simplify Receiving Systems  Eliminate unpacking  Eliminate Inspection  Eliminate inventory Stocking  Eliminate Excess Material

How Just-In-Time Systems Work  Requirements for JIT Manufacturing  Firm-wide Commitment  Knowledgeable Management

Requirements for JIT  Respond to Customer Requirements  Integrate all Processes in the Manufacturing System  Employee Participation in Meeting Commitments  Company wide Commitment to education  Eliminate redundancy  Reduce all Inventory  Establish Continuous Improvement Goals

Requirements for JIT (cont’d)  Use a pull Production System  Design products for Manufacturing  Develop Controllable Production Processes  Have a Defect Prevention Program  Reduce Setup Times  Build Products to Specification

A Real World Example  The Toyota Production System

A JIT Exercise  Q: What are the three central themes surrounding Just-In-Time Manufacturing and why are they important?

Summary  A review of Just-In-Time Manufacturing Systems

JOIN KHALID AZIZ  ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM.  FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA.  COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA.  CONTACT:    R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA, KARACHI, PAKISTAN.