In today’s changing business environment, supply chain management is a significant source of gaining competitive advantage. Competitive advantage can be obtained by virtue of competing on price, quality, and time to deliver, which can be attained by exploring and elimination of the sources of waste in different stages of the production process. This paper focuses on studying the impact of implementing Just in Time (JIT) technique in a dyadic supply relationship on inventory, cost, and profits. System Dynamics approach of modeling and simulation consisting of a supplier and manufacturer is developed and simulated for the study of multiple scenarios. A comparative analysis is made to study the impact of JIT on inventory, cost and profit. The simulation results indicate that JIT deliveries would enhance the operational efficiency of the firm and helps the firm to gain a competitive edge. Based on the findings, implications have been drawn for effective implementation of JIT.
Field of Research: Management, Supply chain, Just In Time, System Dynamics.
Total Reviews: 0
Price:$9.99
March 2020 (International Review of Business Research Papers) → Ethical Factors Affecting the Financial Market: A Study from Bangladesh Perspectives
September 2016 (Journal of Modern Science and Technology) → Cost Effective Decisions on Service Rate at a Customer Care Centre with Multi-Server Queuing Model
September 2017 (International Review of Business Research Papers) → Remittance, Exchange Rate and Dutch Disease: The Case of Bangladesh
$9.99
July 2015 (Journal of Business and Policy Research) → Perceived Importance of Defensive Marketing Strategies Before and After Competitor Entry: Does Nationality Matter?
$9.99
March 2015 (World Journal of Management) → Characteristics of Community Entrepreneurs in Chiangmai, Thailand
$9.99
Reviews
There are no reviews yet.