JIT Manufacturing and Inventory Control System Essay examples -- Busin

JIT Manufacturing and Inventory Control SystemSince the dawn of human reality evolution in all sectors of society has occurred due to Economic factors. This has principally happened due to the fact that all technological achievements have occurred in respect of money. specifically we can admit that Economy is the main reason for exploitation and development. By these core it is in our interest to establish strong economies either as societies (macroeconomics) or as individuals (microeconomics). For these reasons several techniques and methods have been initiated in couch help modern individuals to develop. Such techniques are usually Accounting or Managerial in their nature. However one of the most important technique is both an Accounting and a Managerial technique and is called The just in time method. Just in time manufacturing was an inventory examine ap proach that was developed by Taiichi Ohno at Toyota Motor Company of Japan. Specifically it requires that the exact quantity of defect-free raw materials, parts and subassemblies are produced just in time for the next stage of the manufacturing stage (Ivancevich-Lorenzi-Skinner, p 427). That actually means an inventory is never large and by this way cost is universe reduced due to the fact that there are no losings of materials due to ba...