Benefits and Challenges That Organizations Face in Implementing Just in Time System
FACULTY OF MANAGEMENT & IT
BB209 OPERATIONS MANAGEMENT
MAY-AUGUST 2011
INDIVIDUAL ASSIGNMENT SUBJECT NAME: Operations Management | SUBJECT CODE: BB209 | LECTURER: Mr. Ho Min Yoong | DEADLINE : 20TH JULY 2011 | TOPIC: Just in TimeTITLE: Benefits and Challenges that Organizations face in implementing just in time system. STUDENT ID | STUDENT NAME | 1000820502 | Sari Burhan Al Hasan |
I certified that this is my own work, completed in accordance with University and School’s regulations on plagiarism and fair practice.STUDENT’S SIGNATURE SUBMISSION DATE 20th July 2011 |
Assignment on operation management
Topic: Just in Time
Title: Benefits and Challenges that Organizations face in implementing just in time system
Study objective i. The objective of this study is concerned with identifying some of the benefit and challenges that an organisation may find in implementing just in time system. ii. To fulfil the requirement of this module, Introduction to operation management iii. To gain extra knowledge on operation management in logistics industries that will help me now and in the future.
Scope
The first step concerns of explaining the benefits that the company get from implementing just in time systems, such as the reduction of inventory cost, save time and increases job satisfaction. Secondly try to examine on the other hand the challenges that a firm may face in the process of implementing just in time system in the company such as initial cost, and demand fluctuations.
Introduction
Just in Time is a system or strategy that is used to improve business by reducing inventory and carrying costs of goods.
In today’s competitive business environment, quality is not the only thing that matters for the customers, but high quality at minimum costs is what customer
BB209 OPERATIONS MANAGEMENT
MAY-AUGUST 2011
INDIVIDUAL ASSIGNMENT SUBJECT NAME: Operations Management | SUBJECT CODE: BB209 | LECTURER: Mr. Ho Min Yoong | DEADLINE : 20TH JULY 2011 | TOPIC: Just in TimeTITLE: Benefits and Challenges that Organizations face in implementing just in time system. STUDENT ID | STUDENT NAME | 1000820502 | Sari Burhan Al Hasan |
I certified that this is my own work, completed in accordance with University and School’s regulations on plagiarism and fair practice.STUDENT’S SIGNATURE SUBMISSION DATE 20th July 2011 |
Assignment on operation management
Topic: Just in Time
Title: Benefits and Challenges that Organizations face in implementing just in time system
Study objective i. The objective of this study is concerned with identifying some of the benefit and challenges that an organisation may find in implementing just in time system. ii. To fulfil the requirement of this module, Introduction to operation management iii. To gain extra knowledge on operation management in logistics industries that will help me now and in the future.
Scope
The first step concerns of explaining the benefits that the company get from implementing just in time systems, such as the reduction of inventory cost, save time and increases job satisfaction. Secondly try to examine on the other hand the challenges that a firm may face in the process of implementing just in time system in the company such as initial cost, and demand fluctuations.
Introduction
Just in Time is a system or strategy that is used to improve business by reducing inventory and carrying costs of goods.
In today’s competitive business environment, quality is not the only thing that matters for the customers, but high quality at minimum costs is what customer
References: 1. Tutor2u, JIT advantages, 2010, http://tutor2u.net/business/production/just-in-time.html 2. Inbound logistics , JIT advantages , 2010, http://www.inboundlogistics.com/articles/viewpoint/viewpoint0803.shtml 3. Wikispaces, JIT disadvantages, 2006, http://ccit205.wikispaces.com/Just-in-TimeProduction 4. Accounting for management, , JIT advantages and disadvantages, , 2009, http://www.accountingformanagement.com/just_in_time.htm 5. Business Link, disadvantages of JIT, 2010, http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074404580 6. Jay H. & Barry R. Principles of operation management. Eighth Edition 2011