Just-in-time in the Real World of Inventory Management

Unleashed

Just-in-time inventory (JIT) is the antithesis of just-in-case inventory and can be a valuable method of reducing waste and streamlining the supply chain. In this article, we will consider some real-world case studies which may help to demonstrate JIT in action in the real world of inventory management and lend insight to the pros and cons of implementing JIT in your workplace.

Are Lean Manufacturing and Just-in-Time Manufacturing the Same?

RFgen

Key Takeaways: Just in Time Manufacturing was designed to improve the manufacturing and the supply chain processes. Just-in-Time (JIT) Manufacturing and Lean Manufacturing are two of the most popular business processes.

Labeling that can Meet Just-in-Time Deadlines in Auto Manufacturing

Loftware

Just-in-time supply chains are demanding and have little room for error. They have become prominent in the auto industry, raising new demands. Automotive Supply Chain Manufacturing

Success Stories of Just-in-Time Inventory

Unleashed

Just-in-time (JIT) manufacturing has been revolutionary for manufacturing and inventory management companies around the globe. The JIT approach differs from other inventory systems, where warehouses build up piles of inventory weeks or months in advance, waiting to be used until there is a demand for that product. This nearly-instant inventory delivery means that manufacturers place orders in small batches, very regularly.

Arriving Just in Time – Advanced Transportation Logistics Scheduling

Supply Chain Collaborator

The Value in Orchestrating a Scheduled Transportation Plan”. These three headlines from Transport Topics and Food Shippers of America magazine tell the story of one of the most important challenges facing shippers in North America leading into 2018.

3 Successful Companies Practising Just-In-Time Systems

Unleashed

One of the most popular methods for inventory management is just-in-time (JIT) manufacturing. Many business owners use this inventory method to increase efficiency and decrease waste by only receiving goods as they need them for the production process (hence just-in-time), which reduces inventory stock costs. Toyota was the first to implement JIT effectively in 1970 and is still one of the most successful companies practising JIT systems.

Just in Time

Tailwind

Just in Time You pick up the load. ’ A supply chain that ensures that businesses get products to the customers when they want them, where they want them, in good conditions…and on timejust in time.

Extending JIT Value Beyond Enterprise Boundaries

The Network Effect

Just-In-Time (JIT) manufacturing strategies bring tremendous value to companies employing them, but are they missing out on the huge opportunity. Manufacturing Supply Chain Management Technology The Network Effect JIT Just-In-Time manufacturing supply chainThe post Extending JIT Value Beyond Enterprise Boundaries appeared first on The Network Effect.

Shutting Down Factories- A Concerning Report on Malware Attacks

Supply Chain Matters

A new reminder of malware threats comes from a recent, albeit disturbing, ABC News-Associated Press report indicating attacks have been specifically targeting industry supply chains that predominately are managed by just-in-time (JIT) inventory and production processes. B2B Supply Chain Business Network Lean and Just-In-Time Supply Chain Disruption Supply Chain Risk Management cyberattack risk and mitigation industry supply chain risks Supply chain Matters blog

Tesla Motors Reports Q2 Production and Operational Results- The Critical Ramp-up of the Supply Chain

Supply Chain Matters

However, in classic “hockey stick” fashion, 5150 completed vehicles […]. Automotive Supply Chain Lean and Just-In-Time Manufacturing Strategies Product Lifecycle Management Supply Chain Strategy independent blog analysis and insights on supply chain management Supply chain Matters blog Tesla Model 3 supply chain Tesla Motors Tesla Motors supply chain

Supply Chain Matters Tutorial- Pros and Cons of Zero-Based Budgeting

Supply Chain Matters

In the light of this week’s announcement of the mega-merger among HJ Heinz and Kraft, coupled with the new interest in zero-based budgeting techniques, we felt it was timely to provide a brief tutorial on the process. In definition, zero-based budgeting (ZBB) is essentially a financial-driven process where budgetary resources are set to zero every year and must be justified for the new budget period.

Delivering on Customer Promises in both Automotive and Retail Industries

Supply Chain Matters

At the Council of Supply Chain Management Professionals (CSCMP) Annual Conference held in late September, this author had the pleasurable opportunity to moderate two very informative panel discussions. Panel One: How a refreshed distribution strategy revs up savings in the automotive industry, featured […].

General Electric’s New Transformational Start-up Mentality

Supply Chain Matters

Similar to Lean Six Sigma that fueled rallying and transformational efforts in the 1990’s, FastWorks is targeted to motivate GE employees to be more customer focused, speed new product development, reduce costs and improve customer engagement. The Reis philosophy is that faster product innovation is garnered from building imperfect early versions, gaining timely customer feedback, while continuously “pivoting” and adapting products to address market opportunities.

VMI system goes live at Fokker Aerostructures

Supply Chain Movement

VIBA Aerospace Products and Services in the Netherlands and Peerless Aerospace Fastener Corporation, a distributor of aerospace fasteners based in Farmingdale (NY), went live with their Vendor Managed Inventory (VMI) of special fasteners at Fokker Aerostructures covering several programs.

System 101

Lean Manufacturing Driven by Rapid Return on eKanban Technology Investment

synchrono

Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time.

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Creating Trust Throughout the Supply Chain Using Demand-Driven Methods

synchrono

Building trust in the supply chain is essential to driving flow; and when there are forecast errors, there is an inherent mistrust throughout the supply chain. The manufacturer contends the supplier did not acknowledge the material purchase orders, or ship on-time as promised.

Who said supply chains are boring?: Supply Chain Transformers

Supply Chains Rock

Little do they realize that every time they discard or recycle a carton of milk they are completing the end of the supply chain cycle. In the past Ive shared how shipping containers can be turned into funky apartments and now Ive found wooden pallets that make great deck furniture. Just in time for the summer BBQ season here are some photos that show the progression of pallets into benches. Supply Times. Who said supply chains are boring?

Modeling Service in Network Optimization

Llamasoft

However, the rise of eCommerce and our seemingly endless desire for ‘just in time’ consumption has ratcheted the importance of service across retail with ripple effects in other industries, as well.

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I am the Founder and CEO of Customodal, based in Marshfield, WI, [01:59] Tell us about your background. What was your major in college? I grew up mostly in Madison, Wisconsin. I graduated with a major in finance, investment, and banking from the University of Wisconsin. [02:44]

Moving Beyond Supply Chain Visibility to Continuous Decision Making

C3 Solutions

In this blog post, Jan-Willem outlines how Supply Chain professionals can move from supply chain visibility to a continuous flow of information allowing for just-in-time, strategic, enlightened, continuous decision-making.

A Day of Apple Product Announcements- Supply Chain Impressions

Supply Chain Matters

Today, all business and social media eyes were focused on Apple and its annual Special Event timed to announce the latest iteration of product innovation, just in-time for the upcoming holiday buying period. Supply Chain Matters provides our initial impressions of new Apple products from a supply chain and product lifecycle management lens. A New […].

Surviving the holidays: Warehouse technology turns uncertainty into opportunity

Logistics Viewpoints

Most wholesale distributors have recovered from Black Friday and Cyber Monday by now – and are catching their breath just in time to sprint during these last few weeks of the holidays! This time of year is particularly urgent for getting products to consumers more quickly and cheaply than ever before, which means finding ways to strip out supply chain costs while satisfying customer expectations.

Added Political Developments Related to Brexit Add to Uncertainties

Supply Chain Matters

That further stipulation is reportedly a far broader extension date that also implies that Britain be prepared to hold European Parliament elections, a de-facto admission of the UK remaining in the EU and an option that is loath to the Conservative ruling party.

Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

This is especially relevant for high-tech industry manufacturers who must fight to keep their head above water as new competition floods the marketplace and long-time competitors diversify their product lines in an attempt to remain relevant. Technology research firm Gartner, Inc.

World-Renowned Lean & Kaizen Expert Mr. Takao Sakai joins ThroughPut Advisory Board

ThroughPut

the Artificial Intelligence (AI) Supply Chain pioneer that enables companies to detect, prioritize and alleviate dynamic operational bottlenecks just-in-time today announced the appointment of global lean & Just-In-Time expert, Mr. Takao Sakai , to the Executive Advisory Board. His family is responsible for inventing the renowned “Just-In-Time” philosophy that is commonplace across all leading supply chain operations today.

Lean 40

Why OEMs Partnering With Reputable Suppliers Deliver a Desired Product

Cerasis

Getting a compatible LED lighting product, such as a power supply, is essential in order to extend the life expectancy and the quality of LED light strips. One of the key innovations in LED lighting is the applications within the Internet of Things (IoT).

Deal or no deal: The impact of Brexit on automotive supply chains

Quintiq

Business leaders are getting nervous as time is very short. The United Kingdom (UK) imports the most goods by far compared to other European countries, not just final products but also parts and components for further production and assembly. This will lead to a surge in costs.

These Logistics Trends Will Force a Reevaluation of Logistics Strategy in 2018

Cerasis

The logistics industry faces a huge battle in 2018. However, logistics professionals can get ahead of the curve by knowing what trends to expect in the coming year that will require a reevaluation of logistics strategy in 2018. Consumers Will Demand Faster Turnaround Times on Last Mile Deliveries. Remember our conversation about just in time delivery. This results in less costs to consumers, and shippers can move more product.

Trends 189

How to Make the Most of Your Supply Chain Software

OneSCM

A: There are several new features that just became available in OneSCM in March, 2019: Supply Chain Orchestration – Several modifications were made to OneSCM to support an implementation through configuration methodology, allowing new and existing customers to configure new connections to the back-office systems without the need to develop new plugins. Our system supports the standard formats traded in the supply chain such as SAP IDOC, OAGI, cXML, EDI X12, and PIDX.

The Indispensable Role of WMS in Reverse Logistics

Cerasis

Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction.

New Capabilities Video: LeanCor Supply Chain Group

LeanCor

Driving Down Costs with Just in Time (JIT) Production (manufacturing.hubspot.com). New Capabilities Video: LeanCor Supply Chain Group.

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5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Cerasis

Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. Approximately 44 percent want to buy online and have the option of picking it up in the store.

Less Than Truckload Shipping Trends to Wrap Up 2018

Cerasis

The simultaneous growth of the economy and trucking indicate actual GDP percentages would be higher if compared to the same time last year. As consumers take to their favorite retailers, also due in part to the strong economy, volume shipped will increase.

Trends 320

How Lean Warehousing Can Ease Your Carrier Capacity Pain

LeanCor

Just like the popularity of “Smokey and the Bandit”, the desire for today’s workforce to drive a truck has all but faded from our country’s periphery. As a result, it is increasingly difficult to secure capacity in today’s carrier market.

Lean 245

Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

Challenges in Managing E-Commerce Fulfillment The challenges of managing e-commerce fulfillment go back to the need to rapidly scale operations to meet changing demand. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility.