How a leading heavy industries co., ltd in Korea implements JIT philosophy to its operations

In today's economic environment, Korean companies are confronted with fierce competition both domestic and offshore, in terms of quality and price. Industrialized countries like U.S.A., EC and Japan demand the Korean market be opened with high quality products, while developing countries like China, Thailand and Malaysia compete with Korea with low-quality, low-priced products.

This article is to decribe how a leading heavy industries co., ltd. in Korea has applied JIT philosophy to its operations to gain competitiveness in domestic and international markets, while improving manufacturing lead times, productivity, quality, setup reduction, space reduction, inventory reductions and purchase price reductions.