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<blockquote data-quote="wanton dwarf" data-source="post: 4350856" data-attributes="member: 5903"><p>JIT manufacturing is about timing.</p><p></p><p>If a part takes 5 mins or 5 weeks to arrive then that is the way it is planned. The idea being to reduce onsite stock levels, handling and cash flow. If there are delays at the border it will be the same as if the part was manufactured 5 minutes away .. it arrives on time. THAT is the whole point of JIT.</p><p></p><p>Not some made up BS about woeful delays at the board screwing up manufacturing schedules.</p><p></p><p>Companies using JIT won't have to pay any extra because goods are only invoiced when onsite - the whole point of JIT. Timing on the ARRIVAL is the only issue, not how long is the delay. THAT is a problem for the supplier not the user.</p><p></p><p>This will increase the costs of those importing into the UK for JIT or those exporting for JIT as stock potentially sits on the lorry .. really there should be as much delay as there is today, but we will see. This will amount to however long it takes for the lorry to clear and move on ... most likely no difference.</p><p></p><p>Given I have seen parts travel hundreds if not thousands of miles for "JIT" and companies deliberately create new factories 100s of miles away from the user .. I doubt there will be much of an issue. We are talking about an invoice arriving on a different date which will include a payment due date which is negotiated based on the payment terms. Most payment terms are 3+ months ... big deal even if this is an extra day. But most likely the terms will be negotiated exactly the same financially as they are now.</p><p></p><p>What is the finance cost on the delay of £100,000.00 of goods for one day ? If that money was placed in a bank account earning 1% interest rate ... £2.74p</p><p></p><p>If this guy has a point to make he should make it.</p></blockquote><p></p>
[QUOTE="wanton dwarf, post: 4350856, member: 5903"] JIT manufacturing is about timing. If a part takes 5 mins or 5 weeks to arrive then that is the way it is planned. The idea being to reduce onsite stock levels, handling and cash flow. If there are delays at the border it will be the same as if the part was manufactured 5 minutes away .. it arrives on time. THAT is the whole point of JIT. Not some made up BS about woeful delays at the board screwing up manufacturing schedules. Companies using JIT won't have to pay any extra because goods are only invoiced when onsite - the whole point of JIT. Timing on the ARRIVAL is the only issue, not how long is the delay. THAT is a problem for the supplier not the user. This will increase the costs of those importing into the UK for JIT or those exporting for JIT as stock potentially sits on the lorry .. really there should be as much delay as there is today, but we will see. This will amount to however long it takes for the lorry to clear and move on ... most likely no difference. Given I have seen parts travel hundreds if not thousands of miles for "JIT" and companies deliberately create new factories 100s of miles away from the user .. I doubt there will be much of an issue. We are talking about an invoice arriving on a different date which will include a payment due date which is negotiated based on the payment terms. Most payment terms are 3+ months ... big deal even if this is an extra day. But most likely the terms will be negotiated exactly the same financially as they are now. What is the finance cost on the delay of £100,000.00 of goods for one day ? If that money was placed in a bank account earning 1% interest rate ... £2.74p If this guy has a point to make he should make it. [/QUOTE]
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