Just in time "JIT" and Kaizen (AQA GCSE Business): Flashcards
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12 cards from this deck
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Practise the cards
12 cards from this deck
JIT stands for
JIT stands for
Just in Time
Core principle of JIT
Core principle of JIT
Timing - materials arrive exactly when needed
What JIT reduces
What JIT reduces
Stock levels (raw materials, components, WIP, finished goods)
Main benefit of JIT
Main benefit of JIT
Reduces storage costs and minimises waste
Kaizen means
Kaizen means
Continuous improvement
Kaizen focus
Kaizen focus
Small, ongoing improvements (not major overhauls)
Who best spots improvements in Kaizen
Who best spots improvements in Kaizen
Employees who work with processes daily
What Kaizen requires to succeed
What Kaizen requires to succeed
Supportive workplace culture
Kaizen benefit: employee effect
Kaizen benefit: employee effect
Increased engagement and sense of ownership
Kaizen benefit: performance
Kaizen benefit: performance
Increased productivity and better staff retention
JIT and Kaizen are part of
JIT and Kaizen are part of
Lean production
JIT challenge
JIT challenge
Requires excellent supplier coordination, little room for error