Explain about the just in time philosophy, Operation Management

Assignment Help:

Explain about the just in time philosophy.

Just in time (JIT):

This philosophy requires which products must only be produced when there is an internal/external customer waiting for them. This aims ideally for zero stock for example as raw materials delivered instantly at the time they are required, no build up of work-within-progress in production and finished goods merely produced when there is a customer waiting for them. It implies cash is not tied up unnecessarily within raw material, work-in-progress or finished goods stock, permitting more effective cash flow management for the organisation. Just in time is an illustration of a chase demand strategy for balancing capacity or supply and demand.


Related Discussions:- Explain about the just in time philosophy

Explain what is the time between orders, Hottenstein, Griffith, and Hult, a...

Hottenstein, Griffith, and Hult, attorneys at law, do a great deal of printing. The firm uses a single type of printer with annual demand for print cartridges of 480 per year. The

Assignment, propose process improvement, and justify your reasons for the i...

propose process improvement, and justify your reasons for the improvements, to the flowchart for answering calls

Explain facilitating goods packaging cost, One of the package of features t...

One of the package of features that make up a service are: Appearance Facilitating goods Packaging Cost Implied use

Explain decision making and control processes, 1. From an international cul...

1. From an international cultural perspective, how much of an impact is on the timely decision making and control processes can there be when there is a difference in national and

Explain a global corporation, A global corporation sees the world as its la...

A global corporation sees the world as its labor source as well as its marketplace. Therefore, a global corporation will locate an operation wherever it can accomplish its goals in

Define elasticity of demand, In considering the price part of the 4Ps, and ...

In considering the price part of the 4Ps, and the customer demand aspect of that, I'd like you to leave this course knowing about "elasticity of demand". Can you explain how that c

Service blueprinting - process design, Service Blueprinting - Process Desig...

Service Blueprinting - Process Design Most of the recording techniques described so far had their origins in the heyday of scientific management. Service blueprinting is much

Compute the service to club members as well as casual flyers, Evaluate the ...

Evaluate the service to club members and casual flyers by completing a table similar to table 3.1 (see page 70 Operations Management 6xth Edition Nigel Slack)

Explain as the administrative manager in a law office, As the administrativ...

As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of the 15 lawyers in the office. What difficulties are you go

Explain what is the cost associated, Your company, ABC Company, uses 100% i...

Your company, ABC Company, uses 100% inspection for all materials and requires zero defect quality of all its vendors. If bad parts are found, it cost $1.00 per part to inspect the

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