Just-in-Time Inventory Control.

The objective of this paper is to give a summarization of the definition; the advantages and disadvantages; ordering systems; and decision making that goes into the Just -In-Time inventory control system. Definition and History Just-In-Time (JIT) is a process for optimizing manufacturing processes by eliminating waste including wasted steps, wasted materials, and excess inventory (Damiano, 2004). The Just-in-Time Inventory (JIT) concept was developed in the 1950's by Taiichi Ohno who was employed by the Japanese Toyota …showed first 75 words of 2864 total…

…showed last 75 words of 2864 total…main.html Damiano, J. (2004). Just-in-Time inventory. Retrieved November 12, 2004, from http://www.littlehouse.netfirms.com/Articles/JIT.htm Hugh, J. (2001, August 31). W. Edward Deming's 14 points. Retrieved November 14, 2004, from http://claymore.engineer.gvsu.edu/~jackh/eod/quality/quality-39.html Obringer, L. A. (1999-2004). Inventory and supply chain management. Retrieved November 13, 2004, from http://money.howstuffworks.com/operations4.htm University of South Dakota (2004). Production planning & JIT. Retrieved November 14, 2004, from http://www.usd.edu/!rlau/jit.htm#jit