1Dr. David Ackah PhD, & 2Emmanuel Ackah
1Golden Sunbeam International College of Science & Technology, 2Kwame Nkrumah University of Science & Technology
Abstract
Just-in-Time, a system of production that calls for the elimination of inventory has taken many parts of the world by storm. Many producers and even suppliers are engaging the statutes of this new production system and are seen to be clearly reaping the benefits associated with it. Ghanaian firms seem to be tarrying with respect to the use of this system thus this paper seeks to discover how beneficial this system of production will be to producers in Ghana and how feasibly its implementation will be. In attaining the objectives of this study, both qualitative and quantitative data were collected with the main data source being Magvlyn Industries Limited. Published journals and articles were some of the other data sources used. A regression analyses served as the tool for the determination of the strength of the relationship between sales and inventory. Also a qualitative analysis was used in the analysis of the questionnaires and other secondary data collected. In conclusion, it was determined that there is a very strong relationship between inventory levels and sales and that inventory levels have a positive impact on sales. Also it was realized that Just-in-Time would not be the most feasible of production options for producers because of the current economic and infrastructural difficulties and also because of Ghanaians attitudes towards change.
Keyword: Feasibility Study, Just in Time, Economic Development
