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
After reading through the articles provided in your Assigned Reading and Research, Review one of the articles using the following format with the headings indicated in bold below:

The equivalent to competitive benefit in public services is Ans)  Best value

Strategic management is a systematic analysis of the internal and external factors to develop strategic actions for organizational goals (Dobson & Richards, 2004). Bread Talk is a

Question 1: (a) What is "Globalisation"? Discuss its implications, positive or negative, with regards to our home island, Mauritius. (b) What are Multinational Corporat

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

Q. Show the Limitations of ratio analysis ? A ratio on its own is meaningless, accounting ratios must always be interpreted in relation to other information.  Ratios based on h

Commence the knowledge audit by identifying the knowledge gaps and blockages in the organisation, as follows: a)  Consider each of the ten checklist issues listed, and assess fr

A supplier of components to an electronic industry makes a sophisticated product which sometimes fails immediately it is used. He controls his manufacturing process so that the pro

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

Product Mix - Satchmo & Satchmo Electronics developes two products that can be make on two different production lines.  Both products have their lowest production costs when produc