The company works closely with a local supplier, who considers the acquisition an opportunity to make more money as orders will be coming in from a single location and delivery times will be shorter. On the other hand, if not implemented properly, it may cause a shortage in the raw materials and a delay in production.įollowing an acquisition by a competitor, Company ABC is forced to close down one of its plants and consolidate the manufacturing processes. JIT lowers the inventory levels by setting up fast equipment times, lowering scrap levels, and using local suppliers therefore, it minimizes the working capital and eliminates obsolete and/or defective inventory. By relying on long-standing contracts with suppliers, the strategy eliminates the problem of switching between suppliers to lock the lowest price. What is the definition of just in time inventory? JIT inventory requires good planning of production and an accurate estimate of consumer demand. With a JIT inventory system, the firm purchases only the level of inventory that it uses in the production process. 5 No.Definition: Just-in-time inventory (JIT) is a management strategy that aims to increase a firm’s operating efficiency and decrease the level of waste by only keeping enough stock on hand to fulfill current orders or maintain production. International Journal of Research -GRANTHAALAYAH: Vol. SERVICE QUALITY OF PUBLIC AND PRIVATE SECTOR BANKS IN TIRUNELVELI DISTRICTĪ STUDY ON PERFORMANCE MANAGEMENT OF EMPLOYEES IN SHALOM GARMENTS, VALLIOOR 1(SE) (2017): Volume 5 Issue 1 (Special Edition) - January, 2017 5(SE) (2017): Volume 5 Issue 5 (Special Edition) - May, 2017Ī COMPARITIVE STUDY ON SERVICE QUALITY PERCEPTION AND PREFERENCE OF CUSTOMERS ABOUT PUBLIC AND PRIVATE SECTOR BANKS IN TIRUNELVELI DISTRICT 3SE (2016): Volume 4 Issue 3 (Special Edition)- March, 2016Ī COMPARATIVE STUDY ON SATISFACTION OF CUSTOMERS OF PUBLIC SECTOR AND PRIVATE SECTOR BANKS TOWARDS E BANKING IN TIRUNELVELI DISTRICT CONSTRUCTING AND VALIDATING A SCALE FOR ASSESSING THE SOCIABILITY OF TEACHERS.ĪDVANTAGES AND CHALLENGES OF E-COMMERCE CUSTOMERS AND BUSINESSES: IN INDIAN PERSPECTIVE ROLE OF COMMERCIAL BANK IN THE GROWTH OF MICRO AND SMALL ENTERPRISES. Tactful Management Research Journal, 2(6), 1-4. EMPLOYEE PERCEPTION TOWARDS EFFECTIVENESS OF HR PRACTICES IN PUBLIC SECTOR BANKS IN TIRUNELVELI DISTRICT. A STUDY ON IMPACT OF INFORMATION TECHNOLOGY (IT) IN MODERN BANKING SECTOR. International Journal of Research, 2(3), 775-787. Satisfaction of Customers towards User Friendly Technological Services offered by Public and Private Sector banks at Palayamkottai, Tirunelveli District. A Study On Attitude Of Employee Towards Working Environment With Special Reference To RR Pvt Ltd.Review Of Research, 2(2), 1-5. Indian Streams Research Journal, 3(12), 1-6. A DESCRIPTIVE STUDY ON THE ROLE OF CONSUMER PSYCHOLOGY AND BEHAVIOUR IN PRODUCT PURCHASING”. Strategy For Success Of Human Beings:-Time Management. A Study On Investment Pattern And Preference Of Investors In Trichy City, Tamil Nadu.
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