Jlt Implementation and Indian Industries

Abstract

Just-in-time (JIT) philosophy is most widely adopted and practiced in the recent years worldwide. It is based on a radically different concept, deviating substantially form the existing traditional manufacturing practices in many respects. It uses a small lot size and reduced lead time in sharp contrast to a large lot size used in traditional manufacturing units in order to cushion the effect of uncertain demand pattern of the market. JIT is a very useful concept, which can increase productivity significantly by stretching the breadth of the market with improved customer satisfaction. But some of the Indian industries far lag behind in using the concept of JIT. They have not realized the possible benefits of JIT because of their complete unawareness about it. JIT has huge potentials and it can change a company's fortune and make it globally competent. In the present paper, it has been attempted to find ·out the possible reasons of unawareness of Indian industries about JIT and means have been suggested to make them JIT friendly. The study results have been arrived at after visiting many industrial units and holding informal discussions with concerned persons in the organization. JIT implementation will eliminate inventory wastage by managing it effectively and efficiently, which is in the long-term interest of a company.