E-COMMERCE-JUST IN TIME SHORT QUESTIONS AND ANSWERS

 E-COMMERCE-JUST IN TIME 

SHORT QUESTIONS AND ANSWERS

1-What is the concept of just-in-time?

Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.

2-What is just-in-time deliveries?

Just-In-Time Delivery

 Just-in-Time (JIT) logistics operate under the concept of receiving raw materials, products and parts as they are needed, rather than days or even weeks before. This allows businesses to significantly cut inventory costs by having fewer unnecessary supplies on hand and far less material to store.

3-What is the importance of JIT delivery in b2b ecommerce?

Just-in-time delivery is a feature that can significantly optimize order fulfillment logistics for e-commerce retailers, improving efficiencies and managing costs to make operations more profitable. It's a way to up your game, getting orders to customers more quickly and with greater accuracy.

4-What is JIT in supply chain management?

Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.

5-What is just-in-time JIT with example?

A just-in-time (JIT) inventory system is a management strategy that has a company receive goods as close as possible to when they are actually needed. So, if a car assembly plant needs to install airbags, it does not keep a stock of airbags on its shelves but receives them as those cars come onto the assembly line.

6-What are 2 benefits of just-in-time delivery?

Benefits of JIT Inventory Management

Reduce Wastage. The JIT inventory management model eliminates excess inventory and overstocking

Improve Efficiencies. 

Increase Productivity. 

Optimize Production. 

Reduce Costs. 

Improve Quality.

7-What are the three major elements of JIT?

JIT system

 The three elements are just-in-time manufacturing, total quality management, and respect for people.

8-What is JIT how JIT is important in e business?

What is Just in Time (JIT) inventory? JIT is a method of ecommerce supply chain management that is designed to cut costs, increase efficiency, and decrease waste by receiving goods when they are needed.

9-How does e commerce helps to improve the operation particularly JIT delivery?

An example of Just-In-Time delivery is when a consumer orders a product from an e-commerce aftermarket auto part company, the part is shipped from the manufacturer. Because commodities are only delivered when they are needed, the organization may boost efficiency while minimizing inventory expenses.

10-Is JIT a supply chain strategy?

Just-in-time, or JIT, is a strategy in which supply chain partners move materials right before they are needed. As a result, little or no inventory is stockpiled, reducing storage costs.

11-How do the suppliers benefit from JIT purchasing?

Under the JIT system, if materials are required, the supplier will receive an electronic message to deliver them. This improves efficiency and reduces time wastage. Automated purchasing also means that existing inventory levels and production levels are calculated automatically, making things easier and more efficient.

12-How is just-in-time used in business?

What Is Just-in-Time (JIT) in Inventory Management? JIT is a form of inventory management that requires working closely with suppliers so that raw materials arrive as production is scheduled to begin, but no sooner. The goal is to have the minimum amount of inventory on hand to meet demand.

13-What is JIT advantages and disadvantages?

The main advantages and disadvantages of JIT can be summarised as follows: Advantages. Disadvantages. Lower stock holding means a reduction in storage space which saves rent and insurance costs. There is little room for mistakes as minimal stock is kept for re-working faulty product.

14-What are the five principles of JIT?

JIT principles focus on the elimination of waste by deploying tools such as total quality management, continuous quality improvement, focused factory, reducing setup times, flexible resources, group technology layout, and pull production system.

15-Why is just-in-time important in business innovation?

The main advantages of JIT are that it can improve production efficiency and competitiveness. It does this by: preventing over-production. minimising waiting times and transport costs.

16-What are the components of just-in-time?

The three elements of JIT are 1) Takt Time, 2) Flow Production, and 3) a Pull System.

17-What type of businesses use JIT?

Retailers, restaurants, on-demand publishing, tech manufacturing, and automobile manufacturing are some examples of industries that have benefited from just-in-time inventory.

18-How is just-in-time delivery implemented?

Here are some other tips on how to implement just-in-time inventory management.

Review your supply chain. Work to build strong, long-term relationships with suppliers. ... 

Be transparent with your customers. ... 

Get outside help on managing your supply chain.

19-How does JIT improve productivity?

The JIT system works to eliminate waste and enhance productivity, mainly through streamlining manufacturing processes and slashing inventory. Essentially JIT involves manufacturing only what is needed, when it is needed, and in the quantity required at a particular time.

20-What is the role of SCM in making JIT effective?

Most of the above principles are related either to the supplier or the supply chain. Lot size, buffer inventory, purchasing cost, material handling and reliable suppliers are all supply chain related factors. Thus the supply chain is a critical factor for making JIT System successful.

21-What are the four goals of JIT partnerships?

Elimination of unnecessary activities. Elimination of in-plant inventory. Elimination of in-transit inventory. Elimination of poor suppliers.

22-What is the difference between pull and push system?

Push System — Key Differences. A pull inventory system prioritizes current demand. The supplier orders or manufactures goods in the quantity and timeframe needed, based on existing customer sales orders. In contrast, the push inventory system uses demand forecasting.

23-What is JIT PPT?

Presentations & Public Speaking. Just in time (JIT) is a production strategy that strives to improve a business' return on investment by reducing in-process inventory and associated carrying costs. Just in time is a type of operations management approach which originated in Japan in the 1950s.

24-Why is just-in-time important?

Just-in-time (JIT) inventory is a stratagem that manufacturers utilize to increase efficiency and decrease waste by receiving goods only as they are needed in the manufacturing process, thereby reducing the cost of inventory. Importantly, manufacturers must forecast their requirements accurately.

25-What is the difference between lean and JIT?

The core difference between lean and JIT is that lean focuses on the customer while JIT focuses on the business side of the manufacturing process. So, to make it simple and memorable: Lean manufacturing is a customer-centric philosophy. JIT manufacturing is a business-centric philosophy.

26-Is  MRP push or pull?

push system

The Material Requirements Planning (MRP) mentioned above is a push system since there are no prior WIP limitations. Goods are produced under the master production schedule with no regard to the current status.

27-What is Kaizen PPT?

Kaizen strategy is the single most important concept in Japanese management - the key to successful Japanese companies such as Toyota. Kaizen, which simply means continuous improvement, is the foundation for all Lean improvements. Kaizen events are opportunities to make focused changes in the workplace.

28-What are the major features of the just in time inventory system?

Just in time inventory offers businesses a chance to streamline their purchasing, ensure a steady stream of supplies, and keep inventory costs low. It limits the amount of product on-hand and limits the risk of dead stock and backordered products.

29-How does JIT reduce waste?

Just-in-time (JIT) is an inventory management strategy that reduces waste and increases efficiency by receiving inventory only as they are needed for production, not ahead of time. This significantly reduces the 8 wastes in lean manufacturing.

30-Is Kanban push or pull?

Kanban is a pull-based process, meaning, team members pull work to themselves when they have the bandwidth – work is not pushed or assigned by someone else- and god! that makes a significant difference.

31-What is poka yoke PPT?

Poka yoke (mistake proofing) SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website.

32-What are the 4 main kaizen principles?

The 4 Types of Kaizen

What you will learn:

Kaizen Teian: Bottom-Up Improvement.

Kaizen Events: Defined Improvements.

Kaikaku: Radical Change.

Kakushin: Break-through Innovation.

Finding The Right Tool.

33-What are the six steps of the kaizen?

Table of Contents

Step 1: Discover Improvement Potential. Introduction. 

Step 2: Analyze Current Methods. Introduction. 

Step 3: Generate Original Ideas. Introduction. 

Step 4: Develop an Implementation Plan. .

Step 5: Implement the Plan. Introduction. 

Step 6: Evaluate the New Method. .

34-Is Kanban a FIFO?

A Kanban system is a pull system, and therefore a lean system, but the goal of the Kanban is to eliminate the Kanban (Rother, 2010) which means the supermarket is transformed into a FIFO lane or a One Piece Flow line.