1Department of Mechanical engineering, PSG College of Technology
2Department of Mechanical engineering, Sri Krishna College of Engineering and Technology
Online published on 9 March, 2017.
In the competitive market scenario, the companies are facing difficulties in making profit. The lean concepts are like solution tools for them. It mainly focuses on eliminating wastes from the process followed in the industries and creating valuable product to the customer with less capital investment. The Just in time (JIT) is an ideology originated in Toyota as like other lean concepts but it focuses on providing a pathway for the industries to reach a state where inventories requirement on the shop floor will be fulfilled by the suppliers at real time. The case study conducted in valve manufacturing industry where the raw material inventories have a larger pie of investment. The Sole purpose of this paper is to identify gaps present in supply chain process and replace it with JIT Approach. For identify the supply chain, understanding of procurement cycle is important. So, The Pathway starts with identification of key customer along with its key product. The key product is thoroughly analysed with ABC Analysis to determine the targeted part. The part suppliers are compared with their delivery date and quality produced by them in current process. The supplier development strategy generates different proposals, among which best four are selected. Among these four, supplier ranking need to be reformulated with increased number of factors for evaluating suppliers than Continuous inventory removal (CIR) Plan has formulated based on Continuous sampling plan used in sampling inspection and data's are analysed on cost aspect for this method. As the conclusion, the JIT implementation brings several favourable factors like reduction in inventory level, less investment required for running business.
Just in Time, Continuous inventory removal, Predetermined minimum method
