The Impact of Just-in-Time Production Practices Essay - 5

The Impact of Just-in-Time Production Practices - Essay Example In the contemporary environment of highly competitive business, innovative managerial practices become critical for increasing profitability without major capital investment. The paper would, therefore, focus on how the improvements in product flow and product quality would impact on firms’ sales and profit. Productive flow broadly defines the streamlined process of manufacturing goods and services that have minimal defects. Thus quality products are important product outcomes of product flow within a manufacturing unit that greatly facilitate in meeting the demands of the customers. The streamlining of the various interactive processes becomes intrinsic to the quality control mechanisms that significantly help lower the overall cost of production. In the contemporary times of cutting-edge competition, Juran (2000) asserts ‘all quality improvement occurs on a project-by-project basis and in no other way’. This is the foundation of quality assurance techniques and application which the organizations follow in order to meet the challenges of the time and maintain or increase their profit and sales. Byrnes (2003) asserts that product flow management is a powerful ‘profit lever that can increase earnings while raising customer service levels’. Thus, the organizations continuously make effort to identify factors and issues that would help produce the desired outcome with efficiency and unmatched proficiency. The various processes that can reduce time span and efficiently deliver results are adopted to increase profits through quality products that corroborate with the changing customers’ requirements. Small and big organizations like General Motors, Samsung, Sony, Ford etc. have all redefined their strategic goals to meet the changing equation of global business that primarily focuses on customers’ preferences and their satisfaction.