JIT System

JIT System and Supply Chain Management- 5 Salient Features

A JIT System (Just- in-time System) is an inventory management philosophy aimed at reducing waste and redundant inventory by delivering products, components, or materials just when an organization needs them. When I wrote a blog on JIT Purchasing there has been quite a lot comments and interest from the supply chain community on how it fits in overall inventory management system, therefore, I thought to expand on this topic.   It is well known fact that Kanban and JIT System were developed by the Toyota Motor Company during the 1950s and 1960s. The philosophy of Kanban and JIT System is […]

APICS VS CIPS – What Should You Choose?

Lot of Supply Chain and Procurement folks who are in early stage of their ask me should they go for CIPS or APICS qualification. Depending on their career aspiration to either grow in Supply Chain in general or become specialise procurement professional I give them advice accordingly. Like most good things in life there is no right or wrong answer, it is only the matter of preference. Therefore, I thought a comparison of two leading supply chain bodies and their qualification will be useful and I hope it will make the decision making easier for aspiring Supply Chain and Procurement […]

12 Powerful Inventory Reduction Tips to Free Up Cash

Inventory Reduction Tips Inventory reduction is one of the key goals for most businesses. In this article I have outlined 12 tried and test tips which I have used in my career and find it effective in terms of achieving results. Reduce Lead Times A reduction in lead time will lead to products / materials not being held in stock for a long time. Both a reduction in supplier lead time and manufacturing lead time will contribute to inventory reduction. To reduce lead time the throughput, WIP and cycle time will need to be measured in order to get a […]