Article 5 - Just In Time Systems (JIT)

Article 5 - Just In Time Systems (JIT) - DeVry University...

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DeVry University Operations Strategy BSOP206 Article 5 Just In Time Systems (JIT) Mahanaim Peterson D02805882 Professor Zalila December 9, 2006
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A Just In Time (JIT) system is a business strategy that deals with how to improve the way a store handles their inventory. Just In Time systems reduce all cost that have to do with inventory. Having only the amount of inventory needed will save a lot of holding space and it will help reduce holding cost. A Just In Time system will make a store very efficient, well stocked, and have happy customers. Just In Time systems are ran by Kanban. Kanban is a series of signals that tell production if there is that item on the shelf. “The Kanban system might be visualised as a "Three bin system" for the brought out parts ( where there is no inhouse manufacturing)- one bin on the factory floor, one bin in the factory store and one bin at the Suppliers' store. The bins usually have a removable card that contains the product details and other relevant information - the Kanban card. When the bin on the shop floor is empty, the
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