Identifying and responding to consumer needs, Business Management

1. Increasing the organization ability to compete with rival firms and remain competitive over the long run. JIT allows organizations to develop an optimal process ( well integrated system of manufacturing ) .

Lubben suggests three ways JIT can assist management in obtaining a competitive advantage:

a. Integrating and Optimizing :This involves reducing the operations and resources which do not facilitate production.

b. Improving Continuously : This involves continually trying to improve processes and systems.

c. Understanding the

d. Customers : The entails reducing the cost of products and satisfying consumer needs.

2. Increasing the degree of efficiency within the production process. Efficiency will concern itself with achieving greater levels of productivity while minimizing the associated cost of production.

3. Reducing the level of wasted materials time and effort involved in the production process.

The above three universal objectives are applicable to any firm however there exist several other goals which may be specific to organization. There exist short and long term goals which include the followings;

a. Identifying and responding to consumer needs

b. Aiming for the optimal quality cost relationship.

c. Eliminating unnecessary wastes.

d. Aiming for the development of trusting relationship between the suppliers.

e. Designing the plant for maximum efficiency and ease of manufacturing.

Posted Date: 3/1/2013 2:41:21 AM | Location : United States







Related Discussions:- Identifying and responding to consumer needs, Assignment Help, Ask Question on Identifying and responding to consumer needs, Get Answer, Expert's Help, Identifying and responding to consumer needs Discussions

Write discussion on Identifying and responding to consumer needs
Your posts are moderated
Related Questions
Write short notes on partners

QUESTION a) Top Mobile Company ltd deals in mobile phones. For the last two years, the company has been using traditional marketing tools like newspapers, pamphlets and radio t

QUESTION 1 "Communication in an organization is about sharing of feelings, thoughts, ideas and emotions." Discuss this statement in light of (a) The process of communicatio


Trade discount is usually given to the regular clients who are buying the goods in large numbers. It can be like if you buy 100 numbers we will give you 20 numbers free or buy for

Nicholas Carr suggests that the "technology's potential for differentiating one company from the pack - its strategic potential - inexorably declines as it becomes accessible and a

It is necessary to frame a set of rules to promote safety of employees and to prevent the direct and indirect costs of accident. These safety rules should be strictly followed

The Driving Forces of Business What enters your mind when you hear the word business? Do you think about IBM? Or do you think about the mom-and-pop grocery stores? Businesses ra

A broad definition of quality by design is a team of specialists who simultaneously design and develop a product to ensure ease of reducibility and customer satisfaction. Figu

Question 1 Explain the four assumptions made by modernization theory about the process of social change in the Third World. Give your own examples to explain your discussion.