Comparison of conventional and jit wisdom, Strategic Management

Comparison of Conventional and JIT Wisdom 

JIT philosophy

Ideal lot size is 1

Balanced production is best

Inventory is wasteful

Eliminate waste

Handle only some

Reduce or eliminate

variability

Conventional wisdom 

Large lots are efficient (keep machines working) 

Faster production is more efficient - scheduling is

necessary 

Inventory is necessary 

Waste occurs 

Materials handling is necessary 

Scheduling is necessary - there is a trade off

between utilisation and performance 

 

Posted Date: 3/15/2013 1:11:12 AM | Location : United States







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