Identifying and responding to consumer needs, Business Management

Assignment Help:

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.


Related Discussions:- Identifying and responding to consumer needs

Evaluating capital-expenditure, Evaluating Capital-Expenditure Proposals at...

Evaluating Capital-Expenditure Proposals at Biotechnique Chemicals In submitting a project for senior-management approval, the proposers had to identify it as belonging to one

Conduct a force-field analysis, Enacting change is difficult. The forces th...

Enacting change is difficult. The forces that create the need for change often bump up against equally powerful forces of resistance. Think of an organization with which you are fa

Organisational advantages - workforce diversity, Workforce diversity benefi...

Workforce diversity benefits the organisations in myriad ways amidst spate of challenges.  In fact, organisations have made a business case for diversity, arguing that diversificat

Explain abraham maslows hierarchy of needs theory, Question 1: (a) What...

Question 1: (a) What do you understand by the term ‘Job Satisfaction'? (b) What are the factors that influence job satisfaction in an organization? (c)How does an organis

Compare e-commerce to e-business, Question: a) Decribe e-commerce from ...

Question: a) Decribe e-commerce from a communication and a commercial perspectives. b) Compare e-commerce to e-business. c) Distinguish between Click-and-mortar and Brick

Leadership skills in decision making, QUESTION Explain the followings t...

QUESTION Explain the followings terms with examples- a) Crisis Problems, Structured Problems, Unstructured Problems b) Ethics in decision making c) Leadership skills i

Oral business presentation, How would you prepare yourself for an oral busi...

How would you prepare yourself for an oral business presentation.

Benefits of tqm, 1. Advantages Unique to TQM a. It makes company a lea...

1. Advantages Unique to TQM a. It makes company a leader not follower. b. TQM creates goal directed connection between customers management and workers. Every on

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd