Just–in–time inventory systems

Assignment Help Operation Management
Reference no: EM131276335

Because of a new product line, your company's sales over the last few months have increased significantly. As a result, the amount of cash held by the company has increased to levels never experienced before. An evaluation by the company's financial staff concludes that the company is holding too much cash. This situation is reported to the stockholders. How do you think the stockholders would react to this information? What options do you have to deal with the concerns of the stockholders without creating any additional risk?

Just–in–time (JIT) inventory systems were first developed by the Japanese and quickly adopted around the globe by many large firms. One of the first to adopt the system in the United States was the automobile industry.

In your opinion, is the JIT system a system that can and should be adopted by small, individually owned firms? Why or why not?

Would the smaller firms have any advantage in terms of their ability to use such a system? Why or why not?

What would be the benefits of employing such a system in the economy?

Reference no: EM131276335

Questions Cloud

Difference between vision statement and a mission statement : Explain the difference between a vision statement and a mission statement.-  Explain how the vision statement you chose is appropriate for the organization.
High-quality partners in a flexible-responsive system : Governing networks that work do not happen by chance. They must be carefully designed with high-quality partners in a flexible, responsive system. To design such a network, address these considerations: Name the five considerations.
Which type of practice is superior : If memory is required over a short interval, which type of practice is superior?
Determine the total heat transfer for this process : Heat is transferred to the refrigerant such that the pressure inside the tank remains constant. The valve is closed when the last drop of liquid in the tank is vaporized. Determine the total heat transfer for this process.
Just–in–time inventory systems : Because of a new product line, your company's sales over the last few months have increased significantly. As a result, the amount of cash held by the company has increased to levels never experienced before. An evaluation by the company's financial ..
Discuss given with reference to organization structure : It is often believed that in a franchise business model employee loyalty is very less. discuss this with reference to organization structure and theory.
Discuss the relevant cultural norms from global perspective : Discuss the relevant cultural norms from a global perspective. Justify the elements of shared culture that are necessary for organizational effectiveness. Evaluate the different types of organizational cultures.
The right to monitor it activity of their employees : Do employers have the right to monitor IT activity of their employees. Should employees monitor the IT of their employees? What actions should an employer take when they find an employee abusing his or her IT account?
What are the elements of a talent management programme : What is talent management?- What is talent?- What are the elements of a talent management programme?- What is management succession planning?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Explain the different classes of models

Explain the different classes (or types/categories) of models. Which Management instruments are direct and objectives? Why?

  How many bagels should billy bake at the start

However, Billy's must transport the unsold bagels to the kitchen at a cost of 15 cents each. How many bagels should Billy's bake at the start of each day to balance shortage and excess costs?

  Business knowledge competencies are particularly important

Business knowledge competencies are particularly important for which human resource role? Answer A) management developer B) employee advocate C) strategic partner D) functional expert

  Describe the ways in which database technologies

Describe the ways in which database technologies could be used by an office

  The rights-responsibilities lens followers using empathy

The Rights/Responsibilities Lens followers using empathy: Which of these is not a question for determining right action? Which of these is not in the list of commonly accepted duties compiled by ethicist W. D. Ross? Kant’s ethical decision maker is a..

  Discuss the cost implications of one firm holding

Production control must answer the question of.. “What to order and how much.” Discuss the cost implications of one firm holding too much inventory another firm holding too little inventory and a third firm holding/acquiring the wrong inventory

  What constraints added to two resulting lp problems

A company will be able to obtain a quantity discount on component parts for its three products, X1, X2 and X3 if it produces beyond certain limits.

  Explain a health and safety plan

Explain a health and safety plan (to prevent responder injury or illness) that includes at least three provisions to ensure personnel safety.

  Project work breakdown structure and wbs dictionary

What is the document that is developed from the project scope statement, the project work breakdown structure (WBS), and the WBS dictionary?

  When employing the feedback technique

What are mystery shoppers and how can such feedback processes provide useful date? What should managers avoid when employing the feedback technique?

  Implementing efforts to achieve effective interaction

In your organization (or one you have been a part of in the past), what efforts have been made to eliminate ineffective communication, while also implementing efforts to achieve effective interaction? Be specific in your response with both positive a..

  Develop code of business conduct

If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards?

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