Answer to Question #272490 in Management for amol

Question

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

Just in Time Manufacturing was designed to improve the manufacturing and the supply chain processes. Lean manufacturing casts a wider net and focuses on the customer. Rather than concentrating solely on lowering a supplier’s costs, the emphasis shifts to what the consumer wants, so every step in the process is evaluated in terms of improving the customer experience. JIT and lean both fit in today’s emphasis on agility as well as the notion that supply chains and manufacturing processes must be responsive, flexible and dynamic. A major challenge faced by both types of manufacturers is in creating an accurate, real-time picture of where components are in the manufacturing cycle.

With product variety expanding, delivery times shortening, mounting financial pressures and increasing customer demand and expectations mean manufacturers must innovate or risk falling out of the competitive race altogether.