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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
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
1 - Describe the Benefits of Having an E-Strategy in Organisations. 2 - Estimate the Contribution of an E-Strategy to the Achievement of an Organisation's Objectives. 3 - Tal
We know from a great deal of research that when asked to assign probabilities to uncertain states of nature most people give answers that are over-confident when calibrated against
advantages and disadvantages of strategic planning
1. Find one research article entitled 'Using the balance scorecard as a strategic management system' attached here with. Read this article carefully and give your comments. You may
A good strategic plan is a dominant motivator for change and usual progress updates are crucial to maintain that momentum. The next steps then are to regularly ensure in on progres
Critically evaluate and analyse leadership you have witnessed in specific situations. This means comparing concrete examples (what was said and what was done) to relevant theories
what is describe as strength and weakness in strategic planning
Q. Illustration of extrinsic reward? Monetary reward is an illustration of extrinsic reward and considered as the most important of all 'hygiene factors' according to Frederick
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