1. Introduction: The objective of this Executive summary is to introduce the basic concepts of an effective operation strategy called Just-in-Time (JIT) manufacturing system. This summary will be written in a way to provide top management with a basic overview of JIT manufacturing especially in the automobile industry. 2. Strategy Definition & General Description: Just-in-time (JIT) is a method of running manufacturing systems with the purpose of reducing waste, and lowering cost, which in effect increases profit. It is based on the total elimination of waste. JIT requires that equipment, resources and labor are made accessible only in the amounts and time required to do the job. In other words, it is based on producing only the necessary parts in the necessary quantities at the necessary time by matching the production rates with the market demand. Since the materials arrive just in time for manufacturing, there is no need for inventory warehousing. JIT has its positive effects on productivity and work performance, while saving costs. The most common industry using JIT ma......

Word Count: 1786
Page Count: 7.1 (250 words a page / double spaced)

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