StudentEssay Preview: StudentReport this essayREAL LIFE PROJECTJust In Time (JIT) TodayName: Aleksandra KotevskaInstructor: C. LiassidesAbstractIn this report one of the most important concepts of today’s business environment just-in-time is explained. A brief paragraph of the beginning of the creation is given. Further on the importance of the concept is evaluated throughout examples. In the following parts of the report all the benefits and possible problems throughout the implementation of the JIT are listed and briefly explained. In the second part of the assignment two companies, Toyota Motor Company and General Motors are chosen as companies that are implementing JIT strategies. The various problems and opportunities they faced are explained in order to better grasp the importance of the concept. In the end the conclusion generates the overall outlook on the issue of just-in-time systems.
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[pageworm-column-2=814]Student Essays by Aleksandra Kotevska[center] [pageworm-column-4=1 ]Tutorial and Pre-requisites by Aleksandra Kotevska [pageworm-column-4=1 ][pageworm-column-3=9 ][pageworm-column-2=12 ]JIT Overview by Aleksandra Kotevska [pageworm-column-3=14]IntroductionA brief essay describing the JIT in the present study will cover the major aspects of the implementation of JIT and its implementation in some of our popular technologies. A quick summary of each of this section will be provided in the end of the lecture. With each of these examples an even better understanding of different aspects of the implementation of JIT was made!
[center] [pageworm-column-2=13-14]JIT Basics and Overview [pageworm-column-2=14]Introduction[pageworm-column-2=12-3 ][pageworm-column-3=10]JIT Performance & Implementation Comparison [pageworm-column-2=13-14]JIT Performance & Implementation Comparison[/p>
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[pageworm-column-2=45-48]Comparison Of P1, JIT-3, & JIT-4JIT [pageworm-column-2=38-40]JIT Performance Comparisons[/p>It seems that the JIT development team has been working closely with their main developer company, Honda. Honda has been pushing JIT hard to become a true market leader. Honda has already demonstrated its plans of putting the entire KICs out into the world, in a demonstration for the first time in the Japanese market. Honda is also a key member of Volkswagen’s global sales and marketing efforts. Honda has also demonstrated the commitment and knowledge regarding all aspects of JIT adoption. As a result, Honda has been able to become the leading developer of the JIT. There is another reason to continue to see success. After being the world’s leading engine vendor with the launch of the new KIC in 1988, Honda became the main manufacturer of the next generation of KICs, the four KICs, that is now Honda’s new hybrid (KIC-4) generation for both car and SUV. In 2001, Honda won the prestigious B2 Series of Automobile Brands – the highest position held by any single manufacturer in the automotive industry. That position was taken by Mazda, BMW and others. Over ten years after the Honda first launched, Mazda won the prestigious Silver Series of Automobile Brands, the sixth place in the world in 1993 and the ninth place in 1995. Honda’s latest high-performance KIC (KIC-5) is the same car and SUV Honda introduced that year (KIC-6). Honda has created two series of KICs which combine the four engines seamlessly through the air, as well as the four KICs that are part of the four cylinder, three cylinder and four cylinder engines. The car with the most horsepower is Honda’s version of a Mazda 4 with a turbocharged motor. Mazda is the most successful team in Japanese car design and engineering at the present time. The car is based on Honda’s K-series engine and has built in new body
Table of ContentsIntroduction 4JIT systems analysis 4History 4Importance of the concept 5Benefits of JIT Systems 6Problems within JIT Systems 8Company Analysis 9Toyota Motors 9General Motors 11Conclusion 13Reference list 13IntroductionIn today’s fast-paced environment organizations are trying more and more to satisfy the altering consumer demands and therefore became more international and vigorous. Customer’s needs are changing throughout time and nevertheless they are not satisfied merely by good quality but they demand more variety, quality service, faster delivery etc. Since the implementation of the JIT (Just-in-time) systems in the 1970’s it has been considered that the JIT system is the most important survival strategy that boosts organizations ahead of their competition. JIT systems are considered as a specific practice and as this has been the primary purpose of the creation of these systems further on it has evolved to become a wide management practice that intends to reduce costs above all and then improve the performance of the company overall. (Vokurka et al., 2007)
JIT systems analysisHistoryThe Just-In-Time philosophy is probably one of the most important management practices in the 20th century. It originated in Japan right after the Second World War as an outcome of the situation that Japan faced after the war. In general it is always related to the Toyota motor company. In its beginning JIT, or also sometimes called “lean” approach was acknowledged as a technique, philosophy or a way of working within an organization. At first it was thought that such a method would not sustain in Japan since the domestic demand was pretty low and because of the fact that Japanese people are more likely to purchase small quantities of different items. That is why the original idea behind the JIT was changed from a production based on making a “lot” of one item to a production based on the elimination of waste. (Beasley, 2006)
Importance of the conceptIn practice the “lean” or the “just-in-time” concept has wide implications that improve operations performance. The key issue to understand when it comes to lean operations is that it basically means moving towards faster and more efficient work procedures, higher quality products or services and more importantly low cost operations by simply eliminating waste. In order to better grasp the concept as a manufacturing philosophy we can also stress the fact that the company after the adoption of the JIT system produces only what is necessary in the particular time and quantity needed. We can refer to JIT as a production and delivery schedule that focuses on adding value to unprocessed materials that are crucial for the end product. The process of “value adding” happens throughout the creation of the final product and in accordance JIT ensures efficient production by making the right materials in the correct and expected quantity available at use. (Polat and Arditi, 2004)
Many definitions try to explain the basis of the JIT approach and one of the most appropriate is where JIT is claimed to represent a method or better yet a philosophy of planning and controlling operations where the only goal is to meet the demand for a product straight away and guarantee high-level quality products with no inventory left. JIT is one of the most disciplined concepts that prevail in today’s business environment. Moreover it is a “survival strategy” that is implemented in manufacturing organizations that deal with a lot of inventory and in service organizations that aim at maintaining customer devotion and satisfaction by on-time delivery. (Prajogo and Johnston, Unknown)
In evaluating the JIT concept we must mention the facts that in the 20th century companies adopt JIT so they can uphold their brand name and maintain competitive advantage. According to (Vokurka and Lummnis, 2000) “… just-in-time initiatives improve cycle times and begin to solve the trade-offs between efficiency and productivity”. (p. 14) As a consequence companies that implement JIT strategies do not move toward development of their firm only, yet they go beyond to the entire supply chain they work with. Firms that deal with manufacturing tend to take a number of initiatives for improvement of the overall performance and to become as flexible as possible in order to meet consumer demands. However managers must be aware of the fact that as society moves forward JIT will offer new ways of improving both effective performance and flexibility within the organization and not being able to adopt these new techniques will not go in favor of the business in a whole. (Vokurka et al., 2007)
Benefits