Quality Improvement and Inventory Cost Reduced By Implementation of JIT
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 7
Abstract
In today’s highly competitive work environment, companies have to find ways to be able to compete effectively with their competitors. JIT production system identifies the hidden problems in the value chain and reduces the production waste of the system while increasing the throughout (Sales-Raw Material Cost). They have to find ways to reduce cost, improve quality, and increase customer satisfaction. Just-In-Time production system is among the tools that companies can use to become competitive. The implementation of Just-In-Time manufacturing system will provide companies with competitive advantage; however the system requires companies to change radically. Cost accounting is among the areas that are affected by the implementation of Just-in-Time production system. The aim of this paper is to discuss the effects of Just-in-Time production system from cost and management accounting perspective. This article discusses in depth the implementation of JIT manufacturing. The objectives are twofold. The first objective is to acquaint the reader with the overall JIT concept and the factors necessary for its implementation; the concepts presented here represent the ideal principles and methods of implementation.
Authors and Affiliations
Ram Rohilla, Ashwani Mor
Keywords
Related Articles
- EP ID EP22384
- DOI -
- Views 208
- Downloads 3
Behavior of Steel Plate Shear Wall in Framed Structure.
Steel plate shear walls have been used more and more in the steel structures to resist earthquake and wind forces. This system offers several advantages as compared to the other usual lateral load resisting systems. Ste...
Chaos CDSK Communication System
In recent years chaotic communication systems have emerged as an alternative solution to conventional spread spectrum systems. The chaotic carrier used in this kind of modulation-demodulation schemes, have unique proper...
Survey On Secure Routing In Wireless Sensor Networks
In future, it is likely that wireless sensor networks (WSNs) become a major technology for the sensing in different application domains. The secure routing of data through the network is one of the main challenges in WS...
Multi MOSFET Series Resonant Inverter for Enhancing the Efficiency of Induction Cooktops
One of the most threatening problems that we witness is the increasing cost and dearth of cooking gas. An alternate method is to use Induction heating system, where electricity is used for the generation of heat. Resona...
Anticipatory Data Replication Strategy with Dynamic Distributed Model for Cloud Computing
Cloud Computing can process intensive applications and various scientific functions across heterogeneous environments. In performance of cloud computing correct load balancing is always desirable and challenging, these...