Answer to Question #268376 in Management for bharti

Question

MG Motors have been having a tough time from the time of their launch in India. They feel that there have been a lot of pilferages and wastage in their production and they need to sort it out as soon as possible. Also, the time taken to manufacture one unit of their cars is extremely high as compared to global benchmarks. They have hired you as a consultant for the same? Can you explain the concepts of JIT and Lean Production to them and help them apply the same in order to reduce their troubles?

Answer 1

JIT and Lean Production are the most used strategies for controlling production and ensuring profitability. They are distinct, yet they have a similar basis in terms of their automobile sector uses. JIT (Just-in-Time) production is oriented on efficiency, whereas lean manufacturing focuses on maximizing value for the product end-user. MG Motors may use both methods alone or in tandem to decrease waste and boost value in manufacturing for clients. JIT may be utilized to reduce the accumulation of waste in surplus inventory. To improve the firm's success in the Indian market, the corporation may also implement Lean production across many divisions, including manufacturing, marketing, and distribution. Both methods have demonstrated great results in the automobile business, and the corporation can be successful in its application to overcome the hurdles.