Just-in-time materials management

Assignment Help Operation Management
Reference no: EM13779926

Discuss your thoughts about just-in-time materials management, its value, shortcomings, and provide an example of where it may be implemented. Below is a brief discussion of JIT vs. MRP. Two approaches have had a major impact on inventory management: Material Requirements Planning (MRP) and Just-In-Time (JIT and Kanban). Their application is primarily within manufacturing but suppliers might find new requirements placed on them and sometimes buyers of manufactured items will experience a difference in delivery. Material requirements planning is basically an information system in which sales are converted directly into loads on the facility by sub-unit and time period. Materials are scheduled more closely, thereby reducing inventories, and delivery times become shorter and more predictable. Its primary use is with products composed of many components. MRP systems are practical for smaller firms. The computer system is only one part of the total project which is usually long-term, taking one to three years to develop. Just-in-time inventory management is an approach which works to eliminate inventories rather than optimize them. The inventory of raw materials and work-in-process falls to that needed in a single day. This is accomplished by reducing set-up times and lead times so that small lots may be ordered. Suppliers may have to make several deliveries a day or move close to the user plants to support this plan. Different goals of MRP and JIT mean that each system works better under certain conditions. MRP is well-suited to a production line that operates on a batch or special order basis. The system's ability to constantly adjust for changing requirements makes it react well to variable orders. The JIT system works well in an environment of repetitive orders of similar products. Suppliers can more easily respond to prompt delivery schedules for routine orders of similar materials. 

Reference no: EM13779926

Governments right to do so under doctrine of eminent domain

The 5th Amendment to the U.S. Constitution allows the government to take private land for public use without "just" compensation to the landowner. However, the landowner is af

Decided to proceed with new retail chocolate product

Scenario Summary Chocoberry evaluated all the ideas and decided to proceed with a new retail chocolate product. The product development team at Chocoberry has the responsibili

Fudging the accounts receivable documents

Chronic tardiness and absenteeism because the employee is taking care of an aging parent. Sexual harassment accused by a woman against another woman. "Fudging" the accounts re

Calculate the stress on the bolt in ksi

A bolt with a shaft diameter of 1.00 inches is subjected to a tension force of 21.2 kip (thousands of pounds). Calculate the stress on the bolt in ksi (thousands of pounds per

Generic pharmaceuticals industry

How does Teva compete in the generic pharmaceuticals industry? What is its competitive advantage. Evaluate Teva's resources. Which are its most valuable ones?

Examples of service firms

Give two examples of service firms that work with other channel specialists to sell their products to final customers.What marketing functions can the specialist provide in ea

Role of corporate codes of conduct in dealing with concerns

As communication and trade between cultures increases, disparities in human rights become more evident. We will explore the role of international businesses in recognizing and

Intro to cost management system

(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, discuss whether it i


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd