IMPACT OF JUST IN TIME INVENTORY ON RETAIL
Date
2022-06-06Author
singh, Ritesh
khan, Dr. Aijaz ahmed - SUPERVISION
Metadata
Show full item recordAbstract
Just-in-Time (JIT) is an inventory management approach of having the exact
amount of inventory goods arriving at the exact time when needed. This paper
investigates the impact of this approach on South African Inventory Management
systems and the organization as a whole, by comparing two companies producing
same products (bed mattress), with different suppliers, and with different
inventory management system. Company X has not implemented the Just-in-time
approach, while, Company Y has implemented the JIT approach. This paper will
provide insight knowledge on the benefits and challenges of this approach, how it
can be implemented to improve the performance of a company. Mixed-methods
research design has been utilized as a part of this investigation, and descriptive
statistics were used to summarize the data collection. From the study conducted it
may be concluded that not implementing the JIT system is the causes of lower
performance rates, compared to the performance of the company that has. The
JIT approach has methods or guidelines on how the company can improve its
inventory management system and improve the performance of the company. It is
then recommended that organizations in the manufacturing industry implement
the Just-In-Time method in their inventory management systems.
Collections
- BBA/MBA [396]