Just in Time (JIT)

Description

Just-in-time (JIT) commonly identified as Kanban is an inventory management approach on where goods are received from suppliers / 3rd party organisations only as they are required. The main purpose of this strategy is to ensure manufacturing workflows process are aimed at reducing flow times and costs within production systems and the distribution of materials. Just-in-time, or JIT, inventory system is a management technique that minimises inventory and improves efficiency.

“Just in Time” is commonly referred to as [JIT], and the workshop will outline the Benefits and Risks you will need to identify running a [JIT] program.

Benefits

Reduce Inventory Waste

  • A just-in-time method eliminates overproduction, which occurs when the supply of an item in the market overreaches the demand and leads to an accumulation of unsalable inventories.

Reduces Warehouse Cost

  • With-in a just-in-time, the warehouse holdings are reduced allowing the manufacture to improve cost savings
  • As you order only when a request is generated by the customer places, so there is no need to hold on to unwanted stoke.

Provides the Manufacturer More Control

  • In JIT, the manufacturer has entire control over the manufacturing process, which performs on a demand-pull basis. They can respond to customers’ requirements by quickly boosting the production for an in-demand product and decreasing the production for slow-moving items.

Sourcing

  • Sourcing of material is critical to the performance of meeting the demands of the customer’s request, as this can be undertaken in several ways by securing a local network through supply chain, shipping / transportation cost.

Smaller Investments

  • The Just-in-time method uses the “right first time” concept ensuring the activities are undertaken every-time right. Ensuring the investment of time, fiscal and people are matched by on the day activities.

Risk

Running Out of Stock

  • With Just-In-Time manufacturing, you do not have stock sitting in your warehouse. As you have based your stock holdings on demand scheduling / customer projections.

Lack of Control Over Suppliers and Transportation

  • Having to depend on the punctuality of suppliers for each order puts you at risk of delaying your customers’ receipt of goods.

Lack of Planning / Scheduling

  • With Just-In-Time (JIT) inventory management, it’s crucial for companies to understand trends and clashes through their planning cycle.

The workshop is conducted over 1 day and comprises of interactive discussion on the elements of the customer’s needs.

The achievements of attending the JIT workshop will deliver the following outcomes for the organisation and the participants.

What is in it for your business?

  • Your staff working on improving your business with an experienced facilitator as a coach
  • Decease stock holdings
  • Reduce warehousing
  • Improvements to business processes
  • Improved business environment for your people
  • More engagement from your staff

What is in it for your people?

  • Better skills to facilitate continuous improvement in the workplace
  • Improved understanding of continuous improvement techniques
  • Opportunity to realise their full potential
  • Planning and Schedule methodologies
  • Improved Stock Control

The learnings are relevant and applicable to all types of organisations and to all levels of leadership and management.

For example, the workshop is suitable for:

  • Operations Managers.
  • Supply Chain Managers.
  • Production / Service delivery planning manager.
  • Customer Service / Sales Managers; and
  • Senior Leaders

Efficiency Works engage with professional facilitators that can deliver coaching, certified / non-certified training programs, team building, change management and leadership development services throughout all forms of business from the executive leadership team, senior managers, coordinators / team leaders and employees including contractors and volunteers where appropriate. Efficiency Works facilitators have a vast range of expertise from industry knowledge, practical application to formal qualifications with-in Training and Assessing.

Efficiency Works facilitators utilise a collaborative approach that quickly engages with participants, challenges thinking, transfers knowledge and builds skills. The facilitator utilises a combination of theory, learning exercises, visual aids, and group discussion to ensure that participants are fully engaged through-out the workshops and training programs.

The benefits of attending the JIT workshop will deliver the following outcomes for the organisation and the participants.

What is in it for your business?

  • Your staff working on improving your business
  • Actual improvements to real business processes
  • Improved business environment for your people
  • More engagement from your staff

What is in it for your people?

  • Better skills to facilitate continuous improvement in the workplace
  • Improved understanding of planning and schedule workflow
  • Opportunity to increase local supply through local suppliers.

What accreditation or recognition does this program have?

This is a non-accredited program.

Does this program have any assessments requirements?

As a non-accredited program this course has no assessment requirements. The course contains several activities designed to reinforce the key skills and knowledge outcomes.

Who is my trainer for my program?

All trainers and assessors have extensive and current industry experience and qualifications that meet the national requirements for VET trainers.

Who do i contact in case of any query regarding my program?

For any program related queries, please email customer support at admin@efficiencyworks.com.au

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Webinar Registration: Finding efficiencies in your cost management process

A must see webinar for anyone managing a budget. Drive efficiencies through your budget and maximise the output of your financial resources. We are joined by the highly experienced and regarded Robert Bihar.

When: Wednesday 29 May 2024
Time: 12.00pm to 12:45pm
Where: Online