Just in time approach in inventory management

Bon, Abdul Talib and Garai, Anny (2011) Just in time approach in inventory management. In: 2nd International Conference on Business and Economic Research (ICBER2011), 14-16 March 2011, Langkawi, Kedah.

[img]
Preview
PDF
323Kb

Abstract

Quality improvement and costs control are vital to organizations for work performance enhancement and fulfilling customers’ requirement. Inventories that are stored in large amount of quantities will result in waste and space usage. One effective solution is using Just in Time (JIT) concept as a method to reduce costs, improve quality and meet the ever-changing customer needs. The adoption of Just in Time (JIT) concepts seems to be the most effective way to overcome these circumstances. JIT is management philosophy that emphasizes on eliminating waste and increase productivity. The main purpose of this research is to find out whether the implementation of JIT would reduce the inventories at Electronics component industry especially at the parts producing stamping of FCM. This research is done by case study. Therefore the data collection would be using secondary data which is the documentation from FCM itself and also via observation. The data were analyzed by doing the comparison before and after the implementation of JIT using Microsoft words excel. From the analysis that had been done, the implementation of JIT had increased the inventories management at the stamping parts production. As the conclusion, the implementation of JIT in the inventory management at the parts production stamping at Electronics component industry had successfully reduce the inventories level while improving the inventory level.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:stamping production; just in time; inventory management; electronics component industry
Subjects:T Technology > TS Manufactures > TS155-194 Production management. Operations management
Divisions:Faculty of Technology Management, Business and Entrepreneurship > Department of Management and Technology
ID Code:1624
Deposited By:Nurul Elmy Mohd. Yusof
Deposited On:19 May 2011 12:50
Last Modified:19 May 2011 12:50

Repository Staff Only: item control page