What is lead time, Operation Management

Assignment Help:

(a.)    Give an example (with justification) of a product for which EOQ ordering is more sensible (i.e., more economical) than JIT ordering.

(b.)  What is lead time?  What would a JIT approach recommend in terms of changing lead times? And what effects would such changes have concerning your stockroom, and why?

(c.)  Briefly explain the "leveraging" of purchasing, i.e., why saving, say, 1% on purchases may be a more viable way of increasing one's profit margin than by increasing sales.

 

(d.)  Suppose a colleague of yours proposes at a meeting that an ERP installation will enable your organization to eliminate upper-level operations personnel because ERP "takes care of all that stuff."  Briefly, how would you respond to this person?

 

 


Related Discussions:- What is lead time

Explain objective of value stream mapping is to improve data, 1) Bill of ma...

1) Bill of material errors can cause serious problems for MRP system calculations of dependant demands 2) No matter what forecasting technique is used, the probability of a prod

Thus the best decision isn''t always made, As a manager, you are expected t...

As a manager, you are expected to make logical, rational decisions that are in the best interests of the organization. However, the best decision isn't always made. Let's discuss w

Develop your major negotiation temperaments, Today, you have a meeting with...

Today, you have a meeting with one of the Humanitarian workers (Latisha Jones) concerning raising awareness for drunk driving in your local community. This is the fifth time that y

Identify issues management wants to address, Identify issues management nee...

Identify issues management needs to address. Analyze and evaluate the issues identified and a set of actions management should take to address the issues identified.

Define the term total quality management in short, Define the term total qu...

Define the term total quality management in short. Total quality management (TQM): Total quality management is the procedure of embracing a quality conscious philosophy o

Explain cross-cultural repatriation, Preparing employees to work across nat...

Preparing employees to work across national and cultural boundaries is known as: Answer (1) cross-cultural repatriation. (2) Cross-cultural preparation. (3) Culture shock. (4) Reve

Define the average safety capacity, An assembly line normally operates two ...

An assembly line normally operates two shifts a day, five days per week. The planned capacity of the assembly line is 380 units/shift. Determine the average safety capacity if 700

Explain what design capacity would be needed, In a job shop, effective capa...

In a job shop, effective capacity is only 50% of design capacity, and actual output is 80% of effective output. What design capacity would be needed to achieve an actual output of

Explain coordinated system, You have been named human resource manager for ...

You have been named human resource manager for a company that has 180 employees and no formal base pay system. What steps will you take to developed such a coordinated system?

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