Slides contain the concept of Just in Time and Lean production Systems which lead to eliminate kinds of wasting in order to increase the quality of product to match customers' needs.
1. Supply Chain Integration
2. Benefits of Supply Chain Integration
3. Push System
4. Pull System
5. Push vs Pull
6. Integration of Push and Pull Strategy
7. Lead Time and its Impact
8.Demand-Driven Strategies
Slides contain the concept of Just in Time and Lean production Systems which lead to eliminate kinds of wasting in order to increase the quality of product to match customers' needs.
1. Supply Chain Integration
2. Benefits of Supply Chain Integration
3. Push System
4. Pull System
5. Push vs Pull
6. Integration of Push and Pull Strategy
7. Lead Time and its Impact
8.Demand-Driven Strategies
nventory management
,
types of inventories
,
functions of inventory
,
objective of inventory control
,
effective inventory management
,
inventory counting systems
,
key inventory terms
,
economic order quantity models
,
assumptions of eoq model
,
deriving the eoq
,
economic production quantity assumptions
,
single period model
,
fixed-interval disadvantages
,
when to reorder with eoq ordering
nventory management
,
types of inventories
,
functions of inventory
,
objective of inventory control
,
effective inventory management
,
inventory counting systems
,
key inventory terms
,
economic order quantity models
,
assumptions of eoq model
,
deriving the eoq
,
economic production quantity assumptions
,
single period model
,
fixed-interval disadvantages
,
when to reorder with eoq ordering
Just in time (JIT) is a production strategy that strives to improve a business' return on investment by reducing in-process inventory and associated carrying costs. Just in time is a type of operations management approach which originated in Japan in the 1950s. It was adopted by Toyota and other Japanese manufacturing firms, with excellent results: Toyota and other companies that adopted the approach ended up raising productivity (through the elimination of waste) significantly.
5. Summary JIT Goals and Building Blocks Figure 14.1 Product Design Process Design Personnel Elements Manufactur- ing Planning Eliminate disruptions Make the system flexible Eliminate waste A balanced rapid flow Ultimate Goal Supporting Goals Building Blocks
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12. Benefits of Small Lot Sizes Reduces inventory Less storage space Less rework Problems are more apparent Increases product flexibility Easier to balance operations
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20. Kanban Formula N = Total number of containers D = Planned usage rate of using work center T = Average waiting time for replenishment of parts plus average production time for a container of parts X = Policy variable set by management - possible inefficiency in the system C = Capacity of a standard container N = DT(1+X) C
22. Tiered Supplier Network Figure 14.4b First Tier Supplier Second Tier Supplier Third Tier Supplier Supplier Supplier Supplier Supplier Supplier Supplier Buyer Supplier
23. Comparison of JIT and Traditional Table 14.3 Assets Necessary to do the work Workers Partners Long-term relationships are unusual Vendors Many, short runs Few, long runs Setup; runs Small Large Lot sizes Many, small Few, large Deliveries Minimal necessary to operate Much to offset forecast errors, late deliveries Inventory JIT Traditional Factor