INVENTORY MANAGEMENT SYSTEM

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JUST - IN - TIME

K.Kavinda Jeewantha Ranaweer QS/10/24/22

5/27/12

JIT Definition

An inventory strategy companies employ to increase efficiency and decrease waste by receiving materials & plants only as they are needed in the construction process, thereby reducing inventory costs.

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JIT Application in Construction Industry

Ready-mix Concrete Concrete Items

Pre-cast

Hired

Plants

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JIT Advantages and Disadvantages

Advantages Supplier

No holding wastages

JIT System

Project

Low

Store s

Disadvantages
If

stock is not delivered on time, the whole production schedule can be delayed 5/27/12

JIT Conclusion
In

this method we can control wastage mostly. Because in a construction site always has more wastages. And its helps to reduce holding cost and holding space. its some times disadvantage for the construction. If there is any price fluctuations or any material shortage, that is directly 5/27/12 effect to the contractor. If there is

But