Allows a manufacturer to incorporate its suppliers effort toward eliminating waste. It focuses in reduction of inventories throughout the logistical system of manufacturing firms involved and provides a careful audit of the production process. It optimizes supplier and customer relations.
Advertisement
In a production plant, needed materials are to be supplied “Just In Time”. Production costs will decrease as required level of stock is reduced. Materials from suppliers will be ordered only if production plant can sell its product. Quality control of production is enhanced. All stages of production are closely monitored.
Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites!
If you want to join us, please mail to [email protected]
Latest posts by BMS Team (see all)
- Meterdown Annual Festival is back with its 7th edition – Starts today! - January 16, 2020
- Tybms sem 6 results 2019 declared on 19th June 2019 - June 19, 2019
- TYBMS Sem 6 Results 2019 Update from BMS khabri! - June 15, 2019
