Mis535

Application of Just in Time System in Ford Motor Company JIT

June 16, 2013 |

Table of Contents

Brief Company Background……………………………………………………………………....3

1. Executive Management Team/ Audience………..………………………………….…3

2. Financial Results in the First Quarter of 2012…………………………………………4

Discussion of Business Problem………………………………………………………………......4

High Level Solution……………………………………….……………………………………....5

Benefits of Solving the Problem…………………………………………………………………..6

Business/Technical Approach……………………………………………………………....……..7

Business Process Changes………………………………………………………………...………8

Technology or Business Practices Used to Augment the Solution………………………….…….9

Conclusions and Overall Recommendations………………………………………………….…11

High Level Implementation Plan……………………………………………………………...…13

Summary of Project…………………………………………………………………………...…14

Reference List……………………………………………………………………………………16

Application of Just in Time System in Ford

Company Background

Ford Motor Company was founded by Henry Ford in 1903 and currently is based in Dearborn Michigan (Ford, 2006). In 2010, Fortune 500 ranked Ford eighth in the Fortune 500 list, since it had revenues of about $118.3 billion in the year of 2009 (Ford, 2013). Furthermore, in the same year, it was the fifth largest automaker in all of Europe. It has about 90 plants with around 213,000 employees. It offers a wide range of automobiles under the brand of Ford, which includes Ford L7000 and Ford F-650. In addition, it produces buses, such as E-Series, F-650 and B700 (Ford, 2006). Also it manufactures tractors. Ford supplies engines to racing teams, such as Lotus and McLaren, for Formula 1 cars from 1967 to 2004. Most people like Ford cars, since they are environmental friendly. It has manufactured Ford E85 Flexible Fuel Vehicle that uses fuel containing 85% ethanol and 15% gasoline. It introduced a hybrid-electric Escape in 2005 that...