THE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY (JIT)MANAGEMENT SYSTEM IN PROCTER AND GARMBLE LTD. NIGERIA. THE PROBLEMS AND CHALLENGES
PRESENTATION ON : THE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY (JIT)MANAGEMENT SYSTEM IN PROCTER AND GARMBLE LTD. NIGERIA. THE PROBLEMS AND CHALLENGES
PRESNETED BY :
ADEOYE AKEEM ADEGBENGA.
CENTRE FOR POSTGRADUATE AND RESEARCH,
KULLIYAH OF MAMAULAT,
INSANIAH UNIVERSITY COLLEGE.
TABLE OF CONTENTS.
1. Executive Summary
2. Company’s background
3. Introduction – JIT 4.0 Findings and Analysis 4.1 Poor implementation/practice 4.2 Problems and challenges 5 Recommendations 6 Conclusions.
Executive Summary
This study reflects on the implementation and practice of Just In Time ( JIT) Inventory management system in manufacturing organisation with particular reference to Procter and Gamble ltd. Nigeria. It examines the four main inventories that can be identify with manufacturing company which are Raw material, Work In Process (WIP), Maintenance or spare parts and Finished goods. This discussion will have its focus on the finished goods in the Warehouse since that is where Procter and Garmble ltd channel the Just In Time inventory system. This finding also identifies the causes of failure of JIT due to poor implementation. The resulted problems and challenges such as Wastage due to damages, obsolete and expired stock, pilfering and inaccurate stock count were also discussed. In conclusion findings has shown that to have a proper inventory management system in manufacturing company, JIT inevitable and must be fully implemented along the four main inventories in as much that the activities of one affect the other. To minimise wastage and other associated cost of inventory management, Re-engineering are one of suggested solution.
COMPANY DESCRIPTION.
Procter and Garmble ltd started operation in Nigeria as a trading company with the importation of consumer goods such as Ariel detergent, diapers for babies
PRESNETED BY :
ADEOYE AKEEM ADEGBENGA.
CENTRE FOR POSTGRADUATE AND RESEARCH,
KULLIYAH OF MAMAULAT,
INSANIAH UNIVERSITY COLLEGE.
TABLE OF CONTENTS.
1. Executive Summary
2. Company’s background
3. Introduction – JIT 4.0 Findings and Analysis 4.1 Poor implementation/practice 4.2 Problems and challenges 5 Recommendations 6 Conclusions.
Executive Summary
This study reflects on the implementation and practice of Just In Time ( JIT) Inventory management system in manufacturing organisation with particular reference to Procter and Gamble ltd. Nigeria. It examines the four main inventories that can be identify with manufacturing company which are Raw material, Work In Process (WIP), Maintenance or spare parts and Finished goods. This discussion will have its focus on the finished goods in the Warehouse since that is where Procter and Garmble ltd channel the Just In Time inventory system. This finding also identifies the causes of failure of JIT due to poor implementation. The resulted problems and challenges such as Wastage due to damages, obsolete and expired stock, pilfering and inaccurate stock count were also discussed. In conclusion findings has shown that to have a proper inventory management system in manufacturing company, JIT inevitable and must be fully implemented along the four main inventories in as much that the activities of one affect the other. To minimise wastage and other associated cost of inventory management, Re-engineering are one of suggested solution.
COMPANY DESCRIPTION.
Procter and Garmble ltd started operation in Nigeria as a trading company with the importation of consumer goods such as Ariel detergent, diapers for babies