1. Introduction
Just-in-Time'' (JIT) means different things to different people. Some believe it to be an approach to manufacturing production, control and purchasing; to others it is a methodology to achieve manufacturing excellence (Schonberger, 1986); some businesses even view JIT as a winning strategy in the highly competitive market place of the 1990s (Schniederjans, 1992). As an operational philosophy JIT has been developing extensively in the manufacturing sectors, from its early development in Toyota Motor Co., to today's wide spread employment.
However, the JIT philosophy is being increasingly and seriously questioned by some academics and practitioners. For example, the slow demand and simultaneous surge in inventories during the second quarter of 1994 was interpreted, by the Wall Street Journal as an end to the "wishful nature" of the JIT theory of production management (Norris, 1994).Roy Shapiro, Professor of Operations Management Harvard Business School,......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 2223
Approximate Pages: 9 (260 words per double-spaced page) |