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
Explain how Material Requirements Planning (MRP) might improve operations. Reduced stock holding MRP can simplify inventory control and levels of stock holding may be de

Q. Multidimensional performance measurement? Multidimensional performance  indicators recognise that the constant drive to increase profitability can ultimately be self-defeati

Problem: You have just been nominated at the head of an IT firm and your first assignment is to prepare a strategic plan for the company. a) Give a brief overview of your

Over the next three weeks, you will perform a SWOT Analysis specific to your topical area for your case study. This SWOT Analysis will become "Appendix A" for your case study.

Question: (a) Many organizations consider the maintenance function as a critical operational and decision making area that can guarantee plant availability and reliability. A

Q. Disadvantages of divisional structures? - As the complexity and diversity of products and markets within the group increase, central coordination by a head office or holding

Corporate parenting is a type of business strategy that views a corporation in terms of resources and capabilities in an effort to develop business unit value, and align those busi

1. Explain the process of performing an internal audit. Evaluate why prioritizing the relative importance of strengths and weaknesses to include in an IFE Matrix is an important st

Perform external and internal audits Follow the strategic development content then Aldi can perform external and internal audits. In external audit is considered an important

Discuss the ways in which the strategies of the functional areas of an organisation should support the other levels of strategy. In describing how the functional strategies sup