GMS 401 Chapter Notes - Chapter 11: Toyota Production System, Vendor-Managed Inventory, Lean Manufacturing
27 Nov 2016
School
Department
Course
Professor
Document Summary
It is a highly coordinated processing system to produce or deliver goods just as they are needed. The philosophy behind jit is one of continuing improvement and enforced problem solving. Jit provides a powerful strategy for improving operations. With jit, materials arrive where they are needed only when they are needed. When good units do not arrive just as needed, a problem: has been identi ed. Jit is a key ingredient of lean operations and is particularly helpful in supporting strategies of rapid response and low cost. Jit partnership: partnership of suppliers and purchasers that removes waste and drives down costs for mutual bene ts. >removal of unnecessary activities, such as receiving, incoming inspection, and paperwork related to bidding, involving, and payment. >removal of in-plant inventory by delivery in small lots directly to the using department as needed. >removal of in-transit inventory by delivery encouraging suppliers to locate nearby and provide frequent small shipments.
