Just In Time And Total Quality Management For Need Of Achieving Competitive Advantage Of Companies Cover Image

Poslovanje "just in time" i upravljanje ukupnim kvalitetom u cilju postizanja konkurentne prednosti preduzeća
Just In Time And Total Quality Management For Need Of Achieving Competitive Advantage Of Companies

Author(s): Bojana Novićević, Ljilja Antić
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: competitive advantage; Just in Time; Backflush Costing; Total Quality Management

Summary/Abstract: In recent decades, great number of companies have encountered drastic changes of business conditions. In such a situation, achieving and maintenance of competitive advantage becomes more difficult. The selection of an adequate strategy and appropriate key factors of success is based on the creation of value for the customers which becomes the essence of achieving permanent competitive advantage. Continuous search for new business ideas and new business systems results in high-quality products at the moment when they are necessary, at a price that is acceptable for the customers. With the purpose of producing one such product, it is necessary to eliminate non-value-added activities, reduce, above all, inventories and defects and ensure 100% on-time delivery service. In the course of that process, special role and significance are given to Just in Time (JIT) business system, which changes the cost structure through the reduction of overhead costs, Backflush costing, which rationalizes the procedure of cost tracking and analysis, and total quality management, which ensures high quality of a product through the involvement of all employees and achieving of excellence of each aspect of a company.

  • Issue Year: 2012
  • Issue No: 2
  • Page Range: 193-204
  • Page Count: 12
  • Language: English