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Would you recommend Just In Time purchasing in each type of Procurement Environment, considering its strong impact on reducing cost of inventories?

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تم إضافة السؤال من قبل Nadeem Asghar , Supply Chain Consultant/Trainer , Independent Practitioner
تاريخ النشر: 2015/04/12
Elke Woofter
من قبل Elke Woofter , Project Assistant , American Technical Associates

In general I would recommend in time purchasing ... since the computer technology lets you chose a good ERP system like the AS400 which has a MRP program which flags a buyer to purchase a commodity and when it has to arrive ...... but keep in mind every system has it's occasional glitches ... a good buyer which has access to the inventory on the manufacturing floor, checks its inventory and orders early to receive the commodity a day or two ahead of the needed production schedule ...

So the question is remaining ... is it more efficient to have the stock on hand or having to shut down production because of a glitch?  

osama khalifa
من قبل osama khalifa , sourcing manager , Toshiba

Based on your company strategy and your purchasing scheme , because in case of import you don't guarantee lead time conditions , maybe delay in customs or transit time or supplier sudden problem in production will be negative affect on your business , so this depend on alot of factors

Athar Mohammed Khan
من قبل Athar Mohammed Khan , Accountant , Integrated computer systems (ICS)

depends on the type of product, trends of rates falling/rising, demand and supply. Purchase the Right Quantities. Your ongoing inventory count can help guide the decision.

Ralph Rivera
من قبل Ralph Rivera , Warehouse Team Manager , Almarai

If there is mass production and regularly being produce I dont recomment "Just in Time Purchasing" otherwise I agree on  it.

Shaul Hameed
من قبل Shaul Hameed , Finance Manager , Elite Village Real Estate Management LLC

Generally JIT purchase is entertained only when there is a reducing cost impact. But it may result in shortage in inventory and some times based on the market demand during that instance for the particular item it may not serve the purpose itself. 

Its advisable for fast moving items with high inventory turnover ratio.

Vipul Kumar
من قبل Vipul Kumar , Sr Rail Track Technologist , Free Lance Working

Not really. It depends on the type of product, trends of rates falling/rising, projected business environment in terms of demand and supply, etc. Most business decsions are infact dynamic in nature and need to take into account all prevailing factors at a given point of time.

David Karanja
من قبل David Karanja , SALES COODINATOR , RANCO GENERAL LIMITED

Just-in-time purchasing (JIT purchasing) is a cost accounting purchasingstrategy. You purchase goods so that they're delivered just as they're needed to meet customer demand. With JIT, when you get customer orders, you planpurchases. You purchase the minimum number of items to meet customer demand.I would recommend it to ensure clients specification are met ,thus,client rention and boost the company client rating.

Marlon Dreo
من قبل Marlon Dreo , Sr. Accounting Associate , DB Schenker

 

Yes, knowing we are using fat faced technology nowadays.

We can still deliver with a high performance using SAP system and other engineered technologies. Thiis is the easiest way we can have a good cost savings.

Dalia safey
من قبل Dalia safey , nursing administration and staff development , Cairo University Hospitals

yes to consider its strong impact on reducing cost

VANNERI VENUGOPAL GOPALAKRISHNAN
من قبل VANNERI VENUGOPAL GOPALAKRISHNAN , Accounts , Darwish Bin Ahmed & Sons is one of the Leading Business Group

Any products being shipped from a country like US or UK or any European country by SEA would be recommended to place the order 3 months in advance considering the lead time and clearence for arriving into the destination market..

akhtar bebal
من قبل akhtar bebal , Chief accountant /credit controller , Coca-cola

  1. Count Everything in Stock. It’s tempting to maintain a cushion of inventory in the event that …
  2. Get Rid of Excess Merchandise. Your inventory count will likely turn up excess merchandise. …
  3. Purchase the Right Quantities. Your ongoing inventory count can help guide the decision on how …
  4. Set Up Reorder Alerts. Of course, you also want to avoid running out of popular items. One …