Just in time approach – it’s application in Indian industries

This paper presents the background, benefits, implementation and reviews literature on JIT in developing countries like India. | Just in time approach it s application in Indian industries International Journal of Management IJM Volume 7 Issue 7 November December 2016 89 Article ID IJM_07_07_008 Available online at http ijm JType IJM amp VType 7 amp IType 7 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication JUST IN TIME APPROACH IT S APPLICATION IN INDIAN INDUSTRIES V. Vijaya Lakshmi Research Scholar Department of Commerce amp Business Administration ANU Guntur India Prof. G. V. Chalam Professor Department of Commerce amp Business Administration ANU Guntur India ABSTRACT In today s competitive global business environment the goal of the manufacturing system is long-term survival. In recent years Inventory management is continuous challenge for all organizations not only due to heavy cost associated with inventory holding but also it has a great deal to do with the organizations production process. JIT system has been defined and identified worldwide by many researchers and practitioners for world class manufacturing. This system has potential to compete in the present scenario of rapid development and growth of industrialization. JIT production methods are now widely practiced in many industries. This paper presents the background benefits implementation and reviews literature on JIT in developing countries like India. At the end it is suggested that by implementing the JIT in Indian industries an enormous saving can be generated and a new productivity ethics can be created that may be helpful to strengthen the Indian economy. Further Indian labor is usually uneducated lacking in motivation and more concerned with monetary benefits and job security than carrier progress and development of their potential. Labor unions and their reluctances are also unfavorable for implementing the JIT. Therefore specific cultural changes are required for successfully implementing the JIT. On .

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