THE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY...

PRESENTATION ON : THE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY (JIT)MANAGEMENT SYSTEM IN PROCTER AND GARMBLE LTD. NIGERIA. THE PROBLEMS AND CHALLENGES PRESNETED BY : ADEOYE AKEEM ADEGBENGA. CENTRE FOR POSTGRADUATE AND RESEARCH, KULLIYAH OF MAMAULAT, INSANIAH UNIVERSITY COLLEGE. TABLE OF CONTENTS. 1. Executive Summary 2. Company’s background 3. Introduction – JIT 4.0 Findings and Analysis 4.1 Poor implementation/practice 4.2 Problems and challenges 5 Recommendations 6 Conclusions. Executive Summary This study reflects on the implementation and practice of Just In Time (†¦show more content†¦For this, the time taken by the raw material to reach the manufacturing facility from the supplier should be known and secondly, the life of the raw material should be clearly determined beforehand. Once this information is handy, procedures should be formulated to ensure that the raw material arrives just in time, before the production starts so that little or no storage time is needed. Another thing that is needed to properly implement the JIT inventory system is that there should be good coordination between various points of a production process. There should be constant transmission of signals from one point to another regarding the status of production. Due to this clear and constant communication, each point of the manufacturing process will know when to order for inventory and how much to order so that it arrives just in time and in the required quantity. This is where the importance of the system lies. It ensures that there is neither wastage of time during the production process, nor there is any wastage of capital or production capacity, thus leading to faster production. When the production is fast, the finished goods reach the market fast too, thereby reducing the waiting time for the customers. This research focuses on the case study of JIT implementation in a manufacturing company as a means of analyzing the positive and negative aspects of