JIT inventory and competition in the global environment: a comparative study of American and Japanese values in auto endustry

Abstract

The topic of Just in Time (JIT) Inventory is very important and relevant to all operations managers today. It has become a major factor of competitiveness in the global environment. The concept is a minimized costing system that increases efficiency, productivity and quality through economies of scale and control. Current business enterprises need this for both cost benefit and effectiveness to increase their chance of survival in the competitive market of the global environment. This paper delineates the specifics of JIT theory to a more practical level of individual components that are more easily understood and related to the Automobile Industry. This paper benefits Production and Operations Management (POM) in the respect of being another inclusive angle, written comprehension, on a very important aspect of the business world. The paper is an attempt to absorb a better understanding of peripheral concepts and restrictions guided by JIT in the auto industry.