What is "Just in Time"? - Whiteboard Wednesday

แชร์
ฝัง
  • เผยแพร่เมื่อ 6 ต.ค. 2024
  • Learn more at: www.fishbowlinv.... What is Just in Time (or JIT)? It is a lean manufacturing process that helps companies keep as little inventory on hand as possible. They only order products when a need arises, and they try to get products to customers as quickly as possible without having to store lots of products in warehouses. This frees up money, space, and other resources that can be put toward more worthy pursuits.
    You have to be extremely careful when using a JIT model because if anything goes wrong, you don't have much backup to fall back on. So you have to use a very precise inventory management system to keep track of everything.
    Fishbowl's Whiteboard Wednesday series explains complex inventory management topics in a just a few minutes. Fishbowl is the No. 1 manufacturing and warehouse management solution for QuickBooks users, and it also integrates with Xero.

ความคิดเห็น • 51

  • @ramonrenteria4528
    @ramonrenteria4528 8 ปีที่แล้ว +30

    You just summed up an hour of boring lecture from my accounting professor in this video. If only he made it this simple. Good job.

  • @pauljohnson7791
    @pauljohnson7791 หลายเดือนก่อน

    First of all, the style and delivery of your video, graphics, and speech are great! I hate having to decide if the information is worth listening to while watching crappy production. Second, and just as important to me, the information is ideal: the good, the bad, and the ugly. i don't know if that's just your style or if you had a mentor teach you that, but it's great. And in my case, it is exactly what I have been watching J.I.T. videos to find out. We deal with 21,000 orders a year, covering about 1000 different products. Some changeovers are really short and simple, and some are very complex and long. I want to convince my managers that we need to sacrifice a little finished inventory waste to reduce a lot of changeover waste. Thanks a million! Well, that might be over-production...

  • @aliaaqilah9443
    @aliaaqilah9443 3 ปีที่แล้ว +1

    This teacher made me stay awake and focus

  • @ภณวิสิฏฐ์นาถรังสรรค์

    I liked that you summerized the content into a 2 min. video.

  • @intrapsych1843
    @intrapsych1843 2 ปีที่แล้ว +1

    JIT is not bad or useless unless you try to apply it in such a way. The concept is useful given the right circumstances.

  • @linksmith1057
    @linksmith1057 7 ปีที่แล้ว +8

    The company I work for uses JIT to fantastic effect even with a huge product line of new and legacy electronics equipment. We have plenty of facility to ramp up, we are not seasonal, and in effect we are our own vendor.

  • @kanchangupta19
    @kanchangupta19 6 ปีที่แล้ว +5

    i like the way you teach and specially the humor part. you make the learning fun.

  • @waltermakokha6051
    @waltermakokha6051 8 ปีที่แล้ว +4

    This illustration confirms the increasing need for the applicability of the JIT concept in companies to make them withstand the competitive nature of current market conditions

  • @GarryReyom
    @GarryReyom 3 ปีที่แล้ว +2

    JIT is a great way to run out of inventory, like in a pandemic

    • @johncuervo3019
      @johncuervo3019 3 ปีที่แล้ว

      Yea shit is gonna hit the fan

  • @rellong26
    @rellong26 8 ปีที่แล้ว +10

    Oh a very handsome teacher. Wow. Nice presentation :)

  • @dylanraes569
    @dylanraes569 4 ปีที่แล้ว +1

    This guy is legend

  • @minhkhoanguyen1293
    @minhkhoanguyen1293 5 ปีที่แล้ว +4

    omg this is totally helpful for me, thanks a lot !

  • @jimflagg4009
    @jimflagg4009 2 ปีที่แล้ว +1

    You can not sustain a pure just in time supply. If your orders outpace your manufacturing or supply chain then the orders will get canceled. (which will happen as the number of orders grows out of control) . You have to keep a little supply in warehouses (which costs money) to weather these events to give you time to grow the suppliers.

    • @onthehoofhomestead
      @onthehoofhomestead 2 ปีที่แล้ว

      You need to get faster at producing quality parts. I am confident that I can increase almost any process by 20% with just in time thinking.

  • @blackbusiness7
    @blackbusiness7 4 ปีที่แล้ว +2

    Tesla uses JIT. That is a dream I'd like to have.

  • @muhammadrafisayed6966
    @muhammadrafisayed6966 7 ปีที่แล้ว +3

    you just nailed it ,as i science student also i just understand easily

  • @_sgk.150
    @_sgk.150 5 ปีที่แล้ว +1

    Thank you very much this helped out a lot

  • @christophervarseveld874
    @christophervarseveld874 2 ปีที่แล้ว +1

    shapes and colors
    !!

  • @Andy-qh9hg
    @Andy-qh9hg 7 ปีที่แล้ว +1

    Fantastically simplified! Thank you!

  • @ganjiraja9407
    @ganjiraja9407 6 ปีที่แล้ว +6

    half way through i understood this is not related to JIT compilers in coding.......

  • @agabajeremiah4686
    @agabajeremiah4686 7 ปีที่แล้ว

    i appreciate the lecture going to teach my students the same

  • @PayDro007
    @PayDro007 7 ปีที่แล้ว

    My thumbs up was for the cute little gears he drew at the borrom :D

  • @nightmoves
    @nightmoves 4 ปีที่แล้ว

    Thank you!

  • @smartstudycirclerohitsir5311
    @smartstudycirclerohitsir5311 6 ปีที่แล้ว +1

    woww gorgious sir

  • @disQoWiLL
    @disQoWiLL 4 ปีที่แล้ว

    Thanks!

  • @mash3an-kwt959
    @mash3an-kwt959 2 ปีที่แล้ว

    Thanks

  • @TheRealBozz
    @TheRealBozz 3 ปีที่แล้ว +1

    How's that JIT economics working out for us now, eh?

  • @alexsagun7746
    @alexsagun7746 8 ปีที่แล้ว +40

    I'm so distracted with the instructor. He's soooo handsome!😄😁❤️. He's hot.. Emeged 😄

  • @HWPO-pt
    @HWPO-pt 6 ปีที่แล้ว

    What if you don't have orders? we should manufacture for stock or what the workers shall do?

    • @onthehoofhomestead
      @onthehoofhomestead 2 ปีที่แล้ว

      Improve. Use this time to improve your processes so that when orders pick up, you are stronger as a company.

  • @mansooralikhan6838
    @mansooralikhan6838 7 ปีที่แล้ว

    power point doesnt accept the Embed code to insert this video into a presentation. Help please

    • @christoferjohansson2344
      @christoferjohansson2344 7 ปีที่แล้ว

      download the video to your computer :) using ss instead of www. up on your browser

  • @a.r372
    @a.r372 5 ปีที่แล้ว +2

    hahahahaha this is an effective tutorial and funny

  • @joannamarieligutom913
    @joannamarieligutom913 3 ปีที่แล้ว

    McSteamy? Charr

  • @rrhgrdsghsdgtfsdzghzs7722
    @rrhgrdsghsdgtfsdzghzs7722 5 ปีที่แล้ว

    Peng Ting James

  • @ivak1040
    @ivak1040 6 ปีที่แล้ว +1

    More than girls ....guys are commenting on his hotness 😂😂😂

  • @mcebisidube4248
    @mcebisidube4248 5 ปีที่แล้ว

    M

  • @gowdsake7103
    @gowdsake7103 3 ปีที่แล้ว

    It s insanity that is proclaimed by bean punchers who have NEVER actually done anything. Anything that goes wrong and your screwed and the pressure on the workforce sucks

    • @onthehoofhomestead
      @onthehoofhomestead 2 ปีที่แล้ว

      False.

    • @gowdsake7103
      @gowdsake7103 2 ปีที่แล้ว

      @@onthehoofhomestead Just in time hmm I know of one factory that has to have a Leer jet on permanent standby because the bean counters put that in a separate account to justify JIT. But the factory does NOT work with the system because again the bean counters wont allow an additional production line

  • @random-np3gn
    @random-np3gn 3 ปีที่แล้ว

    You're very hot and handsome =)))

  • @petersisco2499
    @petersisco2499 4 ปีที่แล้ว

    I'm actually leaving the trucking industry because of this just in time garbage. It's completely uncalled for and it does nothing but put every single life in danger on the highway including my own.