The Advantages And Disadvantages Of Just In Time Inventory And Management

899 Words4 Pages
In the 1970s and 1980s, the U.S. economy was under great threat from the efforts of Japanese efficiency. Many solutions having to do with tariffs and other import restrictions were implemented to give American industry time to catch up. One of the major areas that American industry felt it had to change was to copy Japanese management techniques and strategies. Some of the changes included the development of teams, employee empowerment, and making organizations flatter with fewer layers of management. One of the management concepts that came from the Japanese model is known as “just-in-time” inventory or management. It is the purpose of this paper to explore the implementation of, and the advantages and disadvantages of the Just in Time process. Introduction The manufacturing industries in the world have undergone a tremendous change in the last three decades. Due to this there are drastic changes in management approach, techniques used in production and process, expectations of customer, attitudes of supplier, as well as competitive behavior (Ahuja et al., 2006). In the highly dynamic and rapidly changing modern era, the global competition among organizations has led to higher expectations from the manufacturing organizations (Miyake and Enkawa, 1999). The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only

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