just in time.pptx - JUST IN TIME DEFINITION Just in time(JIT is an inventory management system used to manage the stock that is kept in storage It

just in time.pptx - JUST IN TIME DEFINITION Just in...

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JUST IN TIME
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Just in time (JIT) is an inventory management system, used to manage the stock that is kept in storage It involves receiving goods from suppliers as and when they are required, rather than carrying a large inventory at once. DEFINITION EXAMPLE
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OBJECTIVE Produce with minimum lead time Produce products with only those features the customer wants Produce only the product the customer wants Produce products only at the rate that the customer wants them Produce with perfect quality Produce with no waste of labor, materials or equipment
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A B ADVANTAGES Less space needed Waste reduction Smaller investments DISADVANTAGES Risk of running out of stock Lack of control over time frame More planning required
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IN MCDONALD’S World’s leading food service retailer. World’s second largest private employer (BBC, 2012). Founded in 1940 by Richard and Maurice Mc Donald. Around 36,615 restaurants in over 119 countries.
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Unformatted text preview: Serving 68 million customers daily. IMPLEMENTATION OF JIT McD’s doesn’t begin to cook its orders until a customer has placed a specific order Sophisticated burger-making technology (including a record-breaking bun toaster ) Reduction in wastage McD’s is able to make food fast enough to wait until it’s been ordered CRITERIA FOR SUCCESS 03 01 04 02 SERVICE QUALITY PEOPLE FOOD PREPARATION RESULT Improved Quality The burgers are prepared freshly and hence the quality has improved. Customer Service As the burger is made only after the order is placed, making special orders is not an issue. Cost Reduction Due to significant reduction in wastage as uncooked material has a higher shelf life Reduction in waiting Customer’s waiting time reduce 11 min to just 1 and half min. Contents Here Thank You...
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  • Spring '18
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