Project Report: Evaluating JIT Manufacturing System in Supply Chain

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Added on  2022/11/30

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This project report provides a detailed analysis of the Just-in-Time (JIT) manufacturing system, also known as the Toyota Production System (TPS). The report explores the core concepts of JIT, including its relevance to supply chain management, inventory reduction, and waste elimination. It examines the methodology used, which includes surveys and questionnaires, and discusses the challenges encountered during data collection. The report highlights the benefits of JIT, such as increased time efficiency and resource maximization, and offers recommendations for its implementation, including the use of ERP systems and transparency. The conclusion emphasizes that JIT is particularly beneficial for companies with limited storage space and capital, ultimately leading to increased profits. The report also includes a transcript of the presentation slides and references relevant literature.
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Table of Contents
Introduction
What the problem is
Relevance and originality of the project
Relevance of the topic
Methodology chosen
Difficulties met with the methodology
Summary of observations
Summary of recommendations
Conclusion
Matters in the project but outside its scope
Transcript
Just in Time Manufacturing System
Main Aspects of the Project
References
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Introduction
TPS or Just in Time (JIT) production
system (Keynes, 2017).
TPS and market demand alignment
The production process and TPS
Merits and demerits of TPS
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What the problem is
o JIT in supply chain
o JIT and inventory costs
o JIT and reduction of waste
o JIT and production efficiencies
o JIT and financial/ labor costs(Roh et al.,
2014, p. 199).
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Relevance and originality of the project
Toyota Company is a good example of
companies using JIT
JIT is helpful in inventory management
(Lai and Cheng, 2016).
JIT is aligned to Toyota’s cost efficiency
goals
JIT requires that only ordered products
be produced (Sadgrove, 2016).
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Relevance of the topic
In the classwork, the topic is relevant because it will help students:
Acquire detailed knowledge in relation to JIT manufacturing system
Improve their creativity and innovation skills
Increase the level of confidence in the application of JIT model in
business life (Modi et al., 2014).
The topic, Just in Time Manufacturing system is relevant in this
project because it will help the management:
To upgrade and apply JIT with the practical supply chain activities
in the company
To develop the required project skills to train new employees to
increase production efficiency
To increase confidence in the management in the application of JIT
in supply chain (Witczyńska, 2016).
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Methodology chosen
Primary data collection tools included:
Survey exercise
Administration of questionnaires (Pheng et
al., 2016, pg. 3).
Secondary data collection tools included:
Books, journal articles, and article periodicals
Internet and documents from website
Newspapers
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Difficulties met with the
methodology
Choosing the population target to
interview (Japan Management
Association, 2018)
Determining the suitable sample size
Finding a theoretical basis to support JIT
(Stephens and Meyers, 2013)
Finding a niche that can participate in
survey and questionnaire
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Matters in the project but
outside its scope
The reasons that made the researcher
choose the project of Just in Time
manufacturing system (Hirano, 2016).
Assumptions that the project will be
used for purposes of managerial
decisions
What Just in Time (JIT) is not?
The relevance of the topic to the
students’ course or classwork
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Summary of observations
JIT or Toyota Production System is widely used
by supply chain companies (Hartley, 2017).
Toyota Production System or JIT is in itself a
manufacturing methodology
By producing products as demanded and
ordered by the market, TPS has helped to
maximize resources usage (Rinehart et al.,
2018).
JIT when applied well helps to increase time
efficiency
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Summary of recommendations
Embrace a modernized JIT system to clean up
overstocking
Continue to build the lean manufacturing
foundation in order to establish a simple inventory
production system (Stephens and Meyers, 2013).
Adopt the enterprise resource planning (ERP)
system technology in order to enhance accuracy
of stock records.
Reduce inventory miscounts
Ensure utmost transparency (Hirano, 2016).
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Conclusion
Storing large amounts of inventory increases warehouse
maintenance costs
Installing a technology system such as the ERP will
automatically alert the company when inventory is
reduced and thus help in replenishment (Hirano, 2016).
The Just in Time works well for companies where storage
space/ warehouse size and capital is limited or insufficient
The proper implementation of JIT not only creates
convenience, efficiency, and reduction of wastes but also
increases the profits (Stephens and Meyers, 2013).
The JIT system eliminates wastages
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