1. A Look into Efficiency in Business
Just in Time
A Look into Efficiency in Business

2. What is Just in Time?
Business strategy implemented to increase efficiency
A company will receive goods only as they are needed for production
Need to be able to accurately forecast demand
If done correctly, can greatly reduce waste and inventory buildup

3. How IT Helps Improve JIT Results
Five Major Technological Advancements have helped JIT
Intranet and Internet
Computer Based Design and Manufacturing Systems
Artificial Intelligence
Bar Codes and RFID Tags
Electronic Kanbans

4. Internet and Intranet
Improved speed of data sharing between organizations
Allows customers to place orders, and vendors are able to process the order, coordinate raw materials etc.
Allows for access to real time information to reduce shipping and inventory costs.

5. Computer Based Design and Manufacturing Systems
Eliminate labor intensive duties, allowing for cost savings
Minimize errors, improve quality.
Identification and planning in the purchase of raw materials
Allows for greater control on the production/plant floor

6. Artificial Intelligence
Improves the utilization of production facilities
Boosts productivity through increased efficiency
Helps to simplify work procedures
Allows many processes to become automated, thereby decreasing investment in inventories

7. Bar Codes and RFID Tags
Allows for quick and reliable data for tracking current goods and inventory
This allows for better inventory and production controls
Better control will allow for faster production and decreased inventory, which will greatly reduce costs

8. Electronic Kanbans What are Kanbans? How do they help with JIT?
Signaling system that triggers the movement of necessary materials in production.
How do they help with JIT?
Helps with the implementation of some ERP systems by integrating processes and functions within the organization
Can adjust inventory levels in real time based on actual demand
Example is Toyota

9. Advantages and Disadvantages of Just in Time
Is it right for your business?
Advantages and Disadvantages of Just in Time

10. Benefits of Just in Time
Increased production efficiency
Decrease the amount of inventory that is needed on hand – lower your warehouse costs
Decrease your waste
Better customer satisfaction by being able to respond more quickly to customer demands
Allows for cost cutting measures, increasing your profit

11. Disadvantages of Just in Time
Requires a huge amount of coordination and information sharing between retailers and suppliers
Failure to adjust to increases in demand can leave you unable to fulfill customer requests
This may lead to overcompensation, meaning higher inventory costs

12. Questions
Do you feel Just in Time is a reasonable and effective way to reduce costs within a company?
How feasible do you feel implementing a JIT system would be? It sounds great on paper, but can companies actually do it effectively?
Do you work for or have worked for a company that utilizes Just in Time procedures? Were they effective at reducing inventory and overall costs or not?

13. References
advances-that-support-the-goals-of-jit/
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