Just in time approach in inventory management
Quality improvement and costs control are vital to organizations for work performance enhancement and fulfilling customers’ requirement. Inventories that are stored in large amount of quantities will result in waste and space usage. One effective solution is using Just in Time (JIT) concept as a met...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/1624/ http://eprints.uthm.edu.my/1624/1/Talib_Bon_FPTPK_(ICBER_2011).pdf |
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| Summary: | Quality improvement and costs control are vital to organizations for work performance enhancement and fulfilling
customers’ requirement. Inventories that are stored in large amount of quantities will result in waste and space
usage. One effective solution is using Just in Time (JIT) concept as a method to reduce costs, improve quality and
meet the ever-changing customer needs. The adoption of Just in Time (JIT) concepts seems to be the most effective
way to overcome these circumstances. JIT is management philosophy that emphasizes on eliminating waste and
increase productivity. The main purpose of this research is to find out whether the implementation of JIT would
reduce the inventories at Electronics component industry especially at the parts producing stamping of FCM. This
research is done by case study. Therefore the data collection would be using secondary data which is the
documentation from FCM itself and also via observation. The data were analyzed by doing the comparison before
and after the implementation of JIT using Microsoft words excel. From the analysis that had been done, the
implementation of JIT had increased the inventories management at the stamping parts production. As the
conclusion, the implementation of JIT in the inventory management at the parts production stamping at Electronics
component industry had successfully reduce the inventories level while improving the inventory level. |
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