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just in time

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Issue:

Business

 

Written by:

Allegra M

 

Date added:

April 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2281

 

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8725 times

 

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As an operational philosophy JIT has been developing extensively in the manufacturing sectors, from its early development in Toyota Motor Co., to today's wide spread employment. However, the JIT philosophy is being increasingly and seriously questioned by some academics and practitioners. For example, the slow demand and simultaneous surge in inventories during the second quarter of 1994 was interpreted, by the Wall Street Journal as an end to the "wishful nature" of the JIT theory of production management (Norris, 1994)...
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For example, the slow demand and simultaneous surge in inventories during the second quarter of 1994 was interpreted, by the Wall Street Journal as an end to the "wishful nature" of the JIT theory of production management (Norris, 1994).Roy Shapiro, Professor of Operations Management Harvard Business School, states that "companies run into trouble" when they stress "squeezing out the last iota of inventory" above the more important goals of quality and process improvement (Bleakley, 1994)...
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General issues of this essay:
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