JIT Inventory Management.pdf - OPERATIONS PRODUCTION AND MANAGEMENT Submitted to Cdr(Rtd Azhar Nisar Submitted by Absar Ul Haq Adeel Ahmed Ameer Ullah

JIT Inventory Management.pdf - OPERATIONS PRODUCTION AND...

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Page 1 OPERATIONS PRODUCTION AND MANAGEMENT Submitted to: Cdr. (Rtd) Azhar Nisar Submitted by Absar Ul Haq Adeel Ahmed Ameer Ullah Muhammad Usman Ali Yousuf Saeed
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Page 2 LETTER OF TRANSMITTAL 23/05/2018 Cdr. (Rtd) Azhar Nisar Assistant Professor Department of Management Sciences Bahria University (Karachi Campus) Subject: Submission of report Respected Sir, With due respect, we the student of BBA 6-B have reported on under the course of Operations and Product Management. As we are in learning process, this report has helped us in many ways. It was an interesting and challenging experience. Thank you sir for your supportive hands without your guidance this report would have been an incomplete one. Lastly, Sir it will be very kind of you if you give your advice on our efforts. Yours’ sincerely, Absar Ul Haq Adeel Ahmed Ameer Ullah Muhammad Usman Ali Yousuf Saeed
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Page 3 REMARKS BY COURSE INSTRUCTOR
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Page 4 ACKNOWLEDGEMENT We would like to thank our course instructor and facilitator Cdr (Rtd) Azhar Nisar , who helped and guide us on every step of this project report. This project report would not be completed without the efforts our instructor. We would also like to thanks all those peoples who helped us in different and every possible ways. Last but not the least we are also sincerely thankful to Dr. Saif Uddin by giving his precious time for helping us out in this project by sharing information.
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Page 5 EXECUTIVE SUMMARY This project is basically based on JIT Inventory Management in a copy manufacturing company. JIT Inventory Management is defined as products are produce only as demanded. The purpose of JIT Inventory management is to avoid such incidents in which the inventory exceeds from the demand and if it happens that inventory exceeds the demand then the inventory gets burden on the company to manage that inventory. Risks in JIT inventory are very high which includes the transportation, weather and a large order can make think worse in JIT Inventory Management. The research we have done is on Apple Paper Products (pvt) Ltd which works on JIT Inventory Management. The data and information has been collected through the interviews with different managers of the Apple Paper Product ( pvt) Ltd.
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Page 6 PREFACE JIT is a disciplined approach to improving the overall productivity and eliminating the waste. It provides the cost effective and delivery of only the necessary quantity ordered at the right quality, place and most importantly time. JIT aims are to meet the demands instantly, with perfect quality and with no waste. In writing this report we have tried our best to include all the necessary information that can help an individual in understanding the JIT inventory management. This report is basically based on the JIT inventory management of copy manufacturing Company, in which we includes the well-known paper production company namely Apple Paper Production.
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Page 7 YOUSUF SAEED Personal Profile: Father’s Name Zarab Saeed Date of Birth 10-02-1995 Address B- 18 block “U” North Nazimabad Karachi
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  • Fall '17
  • Krejewski
  • Papermaking, JIT inventory management

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