management information
TRANSCRIPT
Management InformationSystemID : 20397
Adeel Iftikhar
Dell
Just In Time J.I.T
Just In Time J.I.T
• Modern Companies are using JIT model.• To accomplish their goals.• To maximize :-
1. Revenue.
2. Profit.
3. Sales.• & also minimizing their :-
1. Overhead costs
2. Inventory costs.
JIT VS Normal operative model
Advantages of JIT model
• Companies become customer oriented.• Rather than product oriented.• Make products according to customers.• Make Win-Win Situation for everyone in the business.• From suppliers to customers.
Examples of JIT.
Amazon Maserati
JIT
Function of JIT
• Just in time model is need of the world.• Because we are surrounded by devices.• Through which we can instantly access , process, receive
& send anywhere at anytime in the world.• JIT is taking globalization to a whole new level.
Thank for listening