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What is Just-In-Time (JIT) approach? What are the reasons for adopting JIT in an organization? State the replenishment techniques used by retailers?
Just in-time (JIT) JIT (Just-In-Time) refers to an approach to purchasing, which requires long term agreements with a few suppliers. JIT is an essential feature and a necessity in case of many perishable food commodities such as milk, fruits, vegetables, fish, meat, etc. There are stipulations which specify that certain vegetables (example, gherkins) have to reach the processing units within 6 to 10 hours from the time of harvest, for maintaining the desired quality. The JIT approach is dependent on leadership and a clear communication of "objectives and demands. It requires teamwork and collaboration internally and also with suppliers
Why do you think Standard Machine is in this difficult situation with what was previously a loyal customer?
Ask questiirregularities (e.g., loose threads and tears), the following data were collected from a sample provided by the supplier. Sample: 1 2 3 4 5 6 7 8 9 10 Irregularities: 3
explain the major inputs into the Material Requirement Planning system
Q. Explain the formulation of a customer service strategy? i. Customer service segmentation: It involves identification of the different segments of the organization's cu
Differentiate between stock checking, stock taking and stock verification
Definition - Inspection, Test and Measurement in Quality Inspection can be defined as the formal evaluation exercise which studies the characteristics of the product to
1-what are distribution costs? 2- what are lost opportunity costs? 3-what are ordering costs?
Question: a) Distinguish between a Venture capitalists and Internet Incubator . b) What are the components of a supply chain management? c) What is included in the develo
Supply Chains and Value Chains Supply Chains and Value Chains have been around for many years and Logistics has served as glue to bind the different members. But in the curren
The Fabrication & Baking Industries Ltd (The FBI) The FBI is a specialty manufacturer of fabricated, baked enamel components for the mining industry, located in Newcastle. Large
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