Just In Time From Concept To Production To Market
Market Financed Inventions allows markets pioneer access to innovations that could take decades to reach the spotlight if at all. It is an opportunity to acquire something useful, unique and tailored at a very attractive and fair launching price. Our Expanded Just In Time strategy allows us to take a market validated fully funded idea through development and on to production and delivery to end customer in a quick, efficient and cost effective manner. This is the genius of how our value chain works.
When is the best time to have an inventory part ready for production? Just in time. When is the best time to have an item ready for the next step in production? Just in time. When is the best time to have a product ready for delivery to a customer? Just in time. So why do manufacturers build inventory of both finished goods and raw materials? Just in case!
A buffer of inventory on hand is comforting – and costly. If you hold a lot of items in inventory, you're locking away a huge amount of cash unnecessarily. These items can be lost, stolen, or damaged, or they can deteriorate. They occupy space, which could otherwise be devoted to operations. And they can become obsolete, particularly when products are improved or changed often (many of us can remember images of airfields full of unwanted, obsolete cars from the 1970s and 1980s.) All of this represents financial loss to the business.
When items are ready just in time, they aren't sitting idle and taking up space. This means that they aren't costing you anything to hold onto them, and they're not becoming obsolete or deteriorating. However, without the buffer of having items in stock, you must tightly control your manufacturing process so that parts are ready when you need them.
When you do (and JIT helps you do this) you can be very responsive to customer orders – after all, you have no stake in "forcing" customers to have one particular product, just because you have a warehouse full of parts that need to be used up. And you have no stake in trying to persuade customers to take an obsolete model just because it's sitting in stock.
The key benefits of JIT are:
- Low inventory
- Low wastage
- High quality production
- High customer responsiveness.
The JIT Strategy (flexible organic and sustainable)
By taking a JIT approach to inventory and product handling, companies can often cut costs significantly. Inventory costs contribute heavily to the company expenses, especially in manufacturing organizations. By minimizing the amount of inventory you hold, you save space, free up cash resources, and reduce the waste that comes from obsolescence.
Desmond lives in New York City and is a well known music producer, videographer and owns a non for profit media studio that provides at risk youth facilities to do audio and music projects. He and his team teach kids about media production. Seeing how many of these kids lives have been transformed he began to brainstorm on how he could expand his passion for kids globally.
Desmond's idea was to create a virtual version of his facility in a website based app that Provides all the tools and training necessary to train and support kids just like those in NYC around the world. His many entertainment industry friends have pledged to provide training and mentors hip through the the app. He looking to dolphin republic to fund this idea and provide the support to launch this global community.
Yumi is the daughter of Japanese immigrants and has always had a love for her native Asian culture. This is particularly so when it comes to industrial design. After graduating from design school in Seattle Yumi set out to create a line of Shinto ethos inspired furniture that uses only bamboo and recycled fabrics.
She has base designs that people can then customize online. The product is assembled by out of work veterans and a local artisans collaborative who also will own the company with her and share in its profits. People can then trade their used furniture in to be reused and redesigned. She needs funds to get the small factory line set up and jump start the business.
She is an sociologist, photographer, videographer and inventor who has come up with an idea for for a new kind of modular camera that allows the user to choose a theme. Whenever video or pictures are taken it automatically creates a storyline based upon pulling gps location and historical timeline data to generate a storyline with a soundtrack. The camera is designed in a hip retro style casing but don't let it looks deceive you. It is sports the latest camera technology and has its own quad core i7 chip as its brains long with next generation gps and and 5G wireless. It also is built with modular sections that let you customize it. Julia has designed a product ecosystem within one product. It allows for both analogue and digital lens to be used and it can remotely controlled via a smart phone app.
She grew up in a small town in Russia and went to college to become an Structural engineer. While working in an area prone to earthquakes she come up with a new type of sustainable building material that is both strong and flexible. After a couple of year of developing the idea she created a system modular sections that can be erected in an hour into a house with only two people. It comes complete with led lighting and flexible solar panels. She is looking to expand her operation and provide jobs in her hometown.