What is a Just-In-Time (JIT) Manufacturing?
Just-In-Time (JIT) Manufacturing is a production system which aims to reduce inventory and waste by producing goods as needed. It is a method of production that eliminates waste by producing only what is needed, when it is needed, and in the amount needed. JIT production relies on a number of techniques, such as eliminating waste, reducing lead times, and reducing setup times in order to produce goods as needed. The goal of JIT is to reduce costs and increase efficiency by reducing the amount of inventory on-hand and eliminating delays in the production process.
What's included in this Just-In-Time (JIT) Manufacturing template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Just-In-Time (JIT) Manufacturing template for?
The Just-In-Time (JIT) Manufacturing template is intended for manufacturing companies looking to implement JIT manufacturing in their production process. This template provides simple steps to create a strategic plan to implement JIT manufacturing, as it outlines focus areas, objectives, measurable targets (KPIs), and related projects to achieve the KPIs. It is designed to help companies design an effective and successful plan to reduce inventory and waste.
1. Define clear examples of your focus areas
Focus areas are the broad categories that encompass the objectives of the strategic plan. For example, a manufacturing company may have focus areas of reducing inventory and waste, increasing employee efficiency, and increasing customer satisfaction. It's important to clearly define the focus areas so that objectives and projects can be identified and tracked under each focus area.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that are to be achieved under each focus area. Objectives should be specific and measurable, and should be linked to the overall goals of the strategic plan. For example, under the focus area of reducing inventory and waste, objectives could include implementing JIT manufacturing and reducing manufacturing lead time. It is important to identify objectives that are relevant to the focus area and that are achievable within the timeframe of the strategic plan.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are metrics that measure the progress of the plan toward the objectives. These should be measurable and specific, and should be tracked on a regular basis to ensure the objectives are being achieved. Examples of KPIs include reducing inventory levels, reducing lead time, increasing employee efficiency, and increasing customer satisfaction. It is important to set measurable targets to track the success of the plan.
4. Implement related projects to achieve the KPIs
Projects, or actions, are initiatives that are designed to achieve the objectives and KPIs. Projects should be clearly defined and measurable, and should be tracked and monitored to ensure they are being completed in a timely manner. Examples of projects include developing JIT manufacturing processes, establishing factory floor optimization, implementing employee performance tracking, and implementing customer feedback surveys.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform designed to help businesses create, implement, and track their strategic plans. With Cascade, you can quickly build and customize templates, set measurable targets, and track progress in real-time. Cascade also provides insights to help you make better decisions and drive faster results from your strategy.