Small Lot Sizes
Firms that follow JIT type of manufacturing system maintain inventory in the smallest possible lot sizes. This is required as small lot sizes reduce cycle inventory (the excess of inventory, above the safety stock, that is carried between two orders), cut lead times and also help in achieving a uniform workload. Larger lots have to be kept for a longer time to be processed at the next work center, whereas smaller lots have lower waiting times in the production process.
Each work center uses standardized containers for each type of part, so that the work center which is next in line can obtain them when required. Items are so placed in the containers that it is easy for the receiving work center to inspect, count and handle the items. However, the use of small lot sizes is disadvantageous in terms of increased setup frequency.
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