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Just in Time (JIT) - Essay Example

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This Japanese idea has attracted global attention. The importance of the strategy was first felt after the Second World War. JIT is a manufacturing or production…
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Just in Time (JIT)
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"Just in Time (JIT)"

Download file to see previous pages The strategy can be applied in UAE also. Gorica Group can implement this in their organization but there are some difficulties that the organization can face to implement this strategy.
Just in time is a famous concept introduced in Japan in 1950. This business concept has significant contributions in the domain of production strategy or manufacturing business. Before the advent of JIT big manufacturing or product based organizations across the world were facing significant difficulties to manage their inventories. Companies across the world were storing high amounts of inventories in their warehouses. Inventory related problems were eating into their profitability. It was a significant matter of concern for the organizations. Returns on investments were low and inventory carrying costs were high. Philosophy of JIT is simple but it has utter importance as far as the inventory management is concerned. After the Second World War, Toyota President raised his voice and asked the Japanese automobile industry to pull up their shocks to compete well with the American automobile industry. During that period, American automakers were manufacturing nine times higher than the Japanese counter parts. It was the time when Japanese people first came up with this idea. With the help of this essay JIT will be discussed. Here in this study JIT will be defined in an elaborate fashion. The paper will also discuss various fundamental techniques related with Just in Time. The essay will analyze whether the concept is successful in Japan or not. In addition to all these it will also try to find whether the concept can be implemented in UAE. The concept will also be discussed on the context of an organization.
Methodology is an integral part of any research paper. Importance of methodology cannot be denied at all. Methodology brings proper structure to a report. It is the way or process through which information and data are collected. ...Download file to see next pagesRead More
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