Comparison of conventional and jit wisdom, Strategic Management

Comparison of Conventional and JIT Wisdom 

JIT philosophy

Ideal lot size is 1

Balanced production is best

Inventory is wasteful

Eliminate waste

Handle only some

Reduce or eliminate

variability

Conventional wisdom 

Large lots are efficient (keep machines working) 

Faster production is more efficient - scheduling is

necessary 

Inventory is necessary 

Waste occurs 

Materials handling is necessary 

Scheduling is necessary - there is a trade off

between utilisation and performance 

 

Posted Date: 3/15/2013 1:11:12 AM | Location : United States







Related Discussions:- Comparison of conventional and jit wisdom, Assignment Help, Ask Question on Comparison of conventional and jit wisdom, Get Answer, Expert's Help, Comparison of conventional and jit wisdom Discussions

Write discussion on Comparison of conventional and jit wisdom
Your posts are moderated
Related Questions
There is wide support from government agencies for people to exercise and indeed take part in sport. For many sportspeople, however, injury plays a part in their day-to-day sportin

1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co

Q. Show the Arguments against the controllability principle? -  Political arguments may occur over such costs which are more subjective than objective when determining controll

Q. Show the Merits of using return on investment? Merits of using return on investment (ROI) -  Relative (percentage) measure so performance can be compared 'relatively' f

Q. Diffrence between ROCE and RI? Both ROCE and RI are good measures to use when assessing financial performance, since both consider the capital invested, as well as the profi

Strategy used to gain as much sales volume as possible as fast as possible by undercutting competitors' prices.

Will you please mention me assignment help service about to?

A squeeze on credit fall in house prices and tumbling stock markets are all reinforcing a slump in consumer confidence, consumption and investment in the EU FS sector. In order to

Describe the structure and role of the Technical Reference Model (TRM) in the The Open Group Architecture Framework (TOGAF).  What is the purpose of this component?

Nation -Wide Bus Lines (NWBS) conducts training classes for new drivers. The classroom can hold 35 students. As long as the class size is less than or equal to 35, the training pro