Assesment Oppurtunity- increase effciency at ford

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If Fords is to successfully compete with the Japanese car manufacturers such as Toyota and Nissan they must improve efficiency. Efficiency means maximum output at minimum cost. Fords would benefit from lower costs of production which would help increase profits.

There are many ways for ford to improve their efficiency one of the ways Fords could improve efficiency is to introduce Just In Time (JIT). This is a system will allow ford to receive their raw material just in time when they need it just. JIT can prove efficiency within ford. By introducing JIT ford is able to save capital which then they can use this capital on Improving motivation in their stuff. A better-motivated workforce will work harder and take pride in their work. This should increase the speed of production and also improve the quality of products that are being produced. There are many different financial and non-financial ways for businesses to motivate their workers.

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The main disadvantage of JIT is that if the raw material is delivered very late then they will be delays on producing the car this late delivery can let down the customers and the company can lose customers so that means that they will lose 3things customers, capital and time. Another big disadvantage is that they might lose bulk buying, because they only buying the amounts that they only need this amounts can be low so that means that they have to pay more. In business the more you buy the cheaper you get it.  

The main advantage ...

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