دانلود Improvement of Process Productivity through Just-in-Time

Abstract

Just in time (JIT) is a production strategy which helps the organisation to achieve and improve the return on investment by reducing  material  inventory  plus  the  associated  carrying  costs.  It  is  a  logistics  philosophy  which  is  practiced  in  many manufacturing companies with an aim of reducing inefficiencies and unproductive time in the production process. However, earlier research and experience suggest that the interrelationship between JIT and other manufacturing system’s components  such  as  product  design  and  business  strategies  are  more  complex  than  it  is  suggested  by  the  traditional  JIT studies. This paper deals with the modelling and simulation in the manufacturing industry where assemblies are made as per the  production  forecast.  The  main  objective  of  this  paper  is  to  observe  how  the  Finished  Goods  Inventory  of  the  assembly process using System Dynamics methodology and how it can be improved by considering the lead time and the manufacturing cycle time.