JIT purchasing and comparative discussion of JIT system over Traditional system
Keywords:
JITAbstract
JIT Purchasing is a systematic approach for developing and operating the Purchasing Function. JIT Purchasing along with the Total Quality Management in many industries has been successful in reducing inventory and increasing the overall effectiveness of Purchasing Function and hence the productivity of manufacturing. JIT in Purchasing broadly means frequent ordering and frequent deliveries of materials in smaller lots from preferably local, and quality certified suppliers to the point of their consumption at the time of usage in right quantity and quality. Purchase section has been selected to lead the JIT implementation because it is the first line of a plant as far as quality and timely supply of items are concerned. JIT Purchasing is not about reducing inventories. In fact, inventory reduction is perhaps the most visible result that JIT brings about. JIT in reality is a philosophy of Supply Chain excellence.
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