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
QUESTION (a) In the banker-customer contractual relationship, each party has some rights and duties. Describe the rights and duties of both the banker and the customer, quoting


What volume of sales will be essential to cover? The reasonable return of capital utilised to cover the volume of sales as: - Ordinary and preference dividends, and - Res


55 is a participative programme. It is a effective approach of improving the work environment and total quality. It become a base for continuous improvement in the organizatio

Problem What are the different types of benchmarking and explain the reasons for Benchmarking? Different types of bench marking Performance benchmarking or operationa

Behavior modelling: 1. Jack Santoni works on the field production crew at Gusher Drilling Company. When he joined the company five years ago, the supervisor who hired him said

Modeling and simulation mean using models, prototypes, attributes, and strategies in order to get results that help to choose the right decision. Recently, simulation becomes a maj

QUESTION The banking sector in Mauritius has changed drastically during these past 10 years. New banks have come into the market and the business environment has become very co

QUESTION 1 Discuss the differences between monologic communication and dialogic communication. Use a concrete example to illustrate your answer, highlighting the advantages and