STUDY OF THE IMPACT OF JIT (JUST-INTIME) IN INVENTORY MANAGEMENT IN THE AUTOMOBILE SECTOR IN INDIA

This paper studied about the impact of implementation of Just-In-Time (JIT) on Inventory Management system in the automobile sector in India. There are various factors which have varying correlation which affects the inventory management when implementing Just-In-Time which we have considered in this study. These factors include supplier appraisal, supplier performance, Re-order point, Lead time for deliveries, JIT knowledge. For the study we followed a qualitative research method to gain deeper insights from the management and employees of the firm regarding implementation and impact of JIT in inventory management for the respective organizations. After conducting indepth interviews with the senior management as well as the employees of the organization we were able to generate findings which direct that implementation of JIT is done in silos and deeper integration needs to be in place. Also proper implementation of JIT governed by enterprise resource planning (ERP) or database management systems (DMS) links suppliers as well as customers to the organization's planning and management leads to reduced costs while managing inventory, efficient workflow and production cycles. Also, the study will depict both the pros and cons of JIT