Question: please help me with the below for Inventory Management : Motor Company Just - in - Time ( JIT ) Journey This case is about
please help me with the below for Inventory Management :
Motor Company JustinTime JIT Journey
This case is about the JustinTime JIT implementation at the Motor Company
a USbased motorcycle manufacturing company. JIT, a philosophy developed by
Japanese companies, aims at reducing inventory and advocates the production of only what is
needed when needed and no more. After World War II motor company faced fierce competition
from Japanese automobile companies which were able to produce better quality motorcycles at
comparatively lower cost. HarleyDavidson visited some of the Japanese companies and found that
Japanese companies were following three main practices: employee involvement, use of statistical
process control, and JIT. The company soon realized that in order to beat Japanese competition, it
had to implement these practices as well. The company successfully implemented JIT practices and
reaped several benefits.
After spectacular growth in the s and the early s motor comapny again faced hard times
from There are also challenges faced by the company in the latter part of the first decade of
the new millennium, and how it was trying to focus on continuous improvement' in a bid to bring
itself back into profits.
Question
Motor company uses the justintime JIT principle of inventory management, explain the concept of justintime.
Argue any three benefits and any two weaknesses of using the justintime principle in relation to Motor company please provide your understanding of the benefits and weaknesses before you apply them to Motor Company
Based on what you have read and understood, is JIT the best inventory management method for Motor Company? Justify your stance by discussing atleast key points.
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