Just In Time Systems Essay -- essays research papers

Devising an efficient system of counting and maintaining a document of register power points has long been an arduous task for many business owners. The senior method of cataloging by part or item number has every last(predicate) but disappeared since the proliferation of electronic catalogs and the use of computer software and web- found aubergeing/monitor systems. Inventory management is necessary for owners who want to maintain a stocking divine service for quick turnaround to assistant ensure total node satisfaction. An item on a managed inventory list must be keep to avoid shortages of frequently used items. Even when utilizing an inventory management system, free-and-easy shortages will still occur. To be successful in todays fast-paced, highly-competitive environment, business motif to slang the necessary parts in stock or have reliable suppliers to meet customer demands at a moments notice. Either trend, shops must have a practical, efficient method for managi ng inventory in order to stay in business and satisfy their customers. The most efficient way to line up this done is through the use of a Just-In-Time (J-I-T) system of inventory management. The service that Cardinal Health provides is an example of this type of J-I-T system which allows them to get the slump quantity of goods to the right place and at the right eon. economic inventory management is essential in order to provide the customer with a high level of service. The ability to ship inventory on schedule and get meet the right amount of product where it necessarily to be in a timely manner is one of the study factors that helps determine customer satisfaction. Consumers do not like to wait in lines, come back later, or shop somewhere the product is often out of stock. These are the types of problems that lead to a customer walking crosswise the street to the find a particular product somewhere else. In addition, efficient inventory management leads to a more cost-eff icient mathematical process (Reid Ch 12, 2002). The goal is to keep inventory on the shelves for the least amount of time as possible. This prevents a high percentage of capital from being trussed up in inventory. Through the use of automation and computer based systems, companies are able to control their inventory based on real-time needs alternatively of historical projections. This helps reduce the guess work in how much inventory to stock and when to stock it. Regardless of whether or... ... out without the harry of long lines or confusion. This is directly related to how the inventory is managed throughout the put out chain. Just-In-Time inventory management is an attempt to create the perfect inventory system. The paper of getting the right product to the right place and at the right time is at the core of this system. Although not always perfect, the goal is to pick up problems and always strive to make it better. This can only be employ through the use of automatio n and technology. Cardinal Health has integrated hand-held technology, wireless web, the internet, and many other cutting edge technologies to provide just this type of service. They provide inventory management that is flexible, relatively simple, and gives power to the consumer to help control inventory based on what is actually needed instead of historical models or guesswork.REFERENCESFrederick, James (2003). Upgraded distribution network grows supply chain, inventory capacity. Drug Store News, pg 15.Reid & Sanders (2002). Independent Demand Inventory Management. trading operations Management, Ch 12.Reid & Sanders (2002). Just-In-Time Systems. Operations Management, Ch 7.