JIT, also known as just in time inventory, controls work flow through carrying in materials and sending out goods on demand. These materials are enough to give what consumer need.

JIT also requires a company to produce or buy only the materials needed for production. With this system, the company’s main goal is to have zero inventory. Business establishments that are employing JIT method reduce the number of materials on hand to the shortest possible levels.

Companies often hold inventory in three different locations. These are the raw materials, work-in-process inventory and shipping of finished products. The just in time inventory is opposed to warehousing large amount of inventory at all times. However, this system has both an advantage and disadvantage. Whether you are new to business industry or not, you should know the different facts about just in time inventory. Continue reading →

BPI or business process improvement is a systematic approach of helping organizations to attain effective and efficient results within the business model. This method works by deciding on the purpose and goal of a company. In using BPI method, it is essential to know the existing structure of a firm, its current procedures and other concerns.

Managerial, production and support activities are all under the category of business processes. They involve a series of steps to generate a perfect output. Knowing the conditions and activities of every step allows business experts to enhance organizational performance.

They do this through eliminating unnecessary and merging steps. To help businessmen to be more capable in their processes, tools for business process improvement must be used. Continue reading →