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
Conduct an industry & a 5-Forces analysis for BOE/AIR. w/focus on commercial aircraft mfg (Hint: extend POV to travel preferences now & future, & review BOE/Air''s POVs on the indu

Weakness: Though Arpanaa has the best amenities in tow which are not offered by the hotels that are located in and around the town, it runs short of few features such as non veget

Q. Explain about Value based management? Value based management (VBM) is an approach which focuses on strategies and actions to create more value for shareholders.  Value being

Question Sarah and John are both working for a software development company. The manager of the new product division was originally the leader of the project team for whi

To maximise the potential of our business I would like you to prepare a strategic plan, specifically I would  like the plan to incorporate a mission statement, a SWOT analysis, a

Instant competition blinds a company to latent competitors who can demolish the old ways of doing business.

Here is the "Delta Products" case for Graduate Operations. You need to determine the number of hours for Mike's and Nikki's plan. To do this you need to compute the number of hours

The following details are available for company Z  · Share price at the beginning of the year £3.87 Share price at the end of the year £4.23 Dividend proposed and pa

Q. Explain Activity based management? Activity based management (ABM) is about satisfying customers whilst making fewer demands on internal resources.  The aim is that once cos

How much does it cost to get someone to write phase V Individual project Strategic Human Capital Management