THE IMPACT OF JUST IN TIME ON THE INVENTORY MANAGEMENT: THE CASE OF AL TAYAR PLASTIC MFG. CO.

Abstract

With today’s advancement in technology and evolvement in the production, manufacturing and operation techniques, many companies are trying to find and implement new strategies in order to improve work performance, production and service quality, have competitive advantage and a fast response to the demands while keeping the costs low as possible. Many organizations started implementing Just in Time (JIT) method in different aspects in the business including the inventory management. The main purpose of this study is to analyse the impact of adopting Just in Time on the inventory management system at Al Tayar Plastic Mfg. Co. Both qualitative and quantitative methods were used in this study for collecting data. Interviews have been conducted with the management of Al Tayar and secondary data were used in order to elaborate the JIT application and how to properly implement the method taking into consideration inventory management as a key of measurement. From the obtained results, the implementation of JIT had a positive impact on the inventory management system at Al Tayar.