Just-in-time (JIT) production is a manufacturing philosophy aimed at eliminating waste by producing and delivering only what is needed, when it is needed, in the amount needed. Key aspects of JIT include reducing inventories, setup times, and travel distances while maximizing space usage. Implementing JIT requires employee participation, continuous improvement efforts, and stable supplier relationships. When done correctly, JIT can lower costs and lead times while improving quality, productivity, and resource utilization.
Just In Time (jit) inventory managementiWriteEssays
JIT is a MPR philosophy that is designed to help an organization eliminate all types of waste such as those that result from carrying too much materials and the ones associated with long lead times. Below is a sample presentation on the Just In Time (JIT) inventory management method to improve your understanding.
In this presentation we will discuss about the concept of just in time (JIT) production philosophy, types and concepts of JIT, objectives of JIT manufacturing, comparison between ideal production system and JIT production, characteristics of JIT system, JIT manufacturing vs. JIT purchasing. We will also discuss about major tools and techniques of JIT manufacturing, JIT implementation approach, problems regarding implementation of JIT, planning of a successful JIT system, obstacles faced for JIT conversion, operational benefits of JIT systems.
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Just-in-time means, for example, that in the process of assembling the parts to build a car, the necessary kind of sub-assemblies of the preceding processes should arrive at the product line at the time needed in the necessary quantities. It is a management philosophy that strives to eliminate sources of manufacturing waste by producing the right part in the right place at the right time.
Know about Just-In-Time and Lean manufacturing system. Find benefits and difference between JIT and Lean Manufacturing by Nilesh Arora, a founder of AddValue Consulting Inc.
Just In Time (jit) inventory managementiWriteEssays
JIT is a MPR philosophy that is designed to help an organization eliminate all types of waste such as those that result from carrying too much materials and the ones associated with long lead times. Below is a sample presentation on the Just In Time (JIT) inventory management method to improve your understanding.
In this presentation we will discuss about the concept of just in time (JIT) production philosophy, types and concepts of JIT, objectives of JIT manufacturing, comparison between ideal production system and JIT production, characteristics of JIT system, JIT manufacturing vs. JIT purchasing. We will also discuss about major tools and techniques of JIT manufacturing, JIT implementation approach, problems regarding implementation of JIT, planning of a successful JIT system, obstacles faced for JIT conversion, operational benefits of JIT systems.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
Just-in-time means, for example, that in the process of assembling the parts to build a car, the necessary kind of sub-assemblies of the preceding processes should arrive at the product line at the time needed in the necessary quantities. It is a management philosophy that strives to eliminate sources of manufacturing waste by producing the right part in the right place at the right time.
Know about Just-In-Time and Lean manufacturing system. Find benefits and difference between JIT and Lean Manufacturing by Nilesh Arora, a founder of AddValue Consulting Inc.
Lean - PPT (Lean manufacturing and six sigma)Blankdevil
Lean manufacturing is a methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity. Waste is seen as anything that customers do not believe adds value and are not willing to pay for. Some of the benefits of lean manufacturing can include reduced lead times, reduced operating costs and improved product quality.
Lean manufacturing, also known as lean production, or lean, is a practice that organizations from numerous fields can enable. Some well-known companies that use lean include Toyota, Intel, John Deere and Nike. The approach is based on the Toyota Production System and is still used by that company, as well as myriad others. Companies that use enterprise resource planning (ERP) can also benefit from using a lean production system.
Lean manufacturing is based on a number of specific principles, such as Kaizen, or continuous improvement.
Lean manufacturing was introduced to the Western world via the 1990 publication of The Machine That Changed the World, which was based on an MIT study into the future of the automobile detailed by Toyota's lean production system. Since that time, lean principles have profoundly influenced manufacturing concepts throughout the world, as well as industries outside of manufacturing, including healthcare, software development and service industries.
5 principles of lean manufacturing
A widely referenced book, Lean Thinking: Banish Waste and Create Wealth in Your Corporation, which was published in 1996, laid out five principles of lean, which many in the field reference as core principles. Value is created by the producer, but it is defined by the customer. Companies need to understand the value the customer places on their products and services, which, in turn, can help them determine how much money the customer is willing to pay.
The company must strive to eliminate waste and cost from its business processes so that the customer's optimal price can be achieved -- at the highest profit to the company.
2. Map the value stream. This principle involves recording and analyzing the flow of information or materials required to produce a specific product or service with the intent of identifying waste and methods of improvement. Value stream mapping encompasses the product's entire lifecycle, from raw materials through to disposal.
Companies must examine each stage of the cycle for waste. Anything that does not add value must be eliminated. Lean thinking recommends supply chain alignment as part of this effort.
3. Create flow. Eliminate functional barriers and identify ways to improve lead time. This aids in ensuring the processes are smooth from the time an order is received through to delivery. Flow is critical to the elimination of waste. Lean manufacturing relies on preventing interruptions in the production process and enabling a harmonized and integrated set of processes in which activities move in a constant stream.ean manufacturing requires a rel
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. Just in time………….
Keeping work flows moving
Eliminating inventories
Reducing travel distances
Eliminating defects and scrap
Maximizing usage of space
3. • Just-In-Time is a Japanese manufacturing management
method that was developed in the 1970‟s.
• It was first adopted by Toyota manufacturing plants by
Taiichi Ohno.
• Producing only what is needed, when it is needed (not
early, not late; not less, not more)
4. • A management philosophy of continuous and forced
problem solving by attacking the root causes.
• A highly coordinated processing system in which goods
move through the system, and services are performed, just
as they are needed.
• Supplies and components are „pulled‟ through the system
to arrive where they are needed when they are needed
(just-in-time)
5. Just-In-Time Production
WHAT IT IS WHAT IT DOES
• Attacks waste
• Management philosophy
• Exposes problems and bottlenecks
• “Pull” system though the plant
• Achieves streamlined production
WHAT IT REQUIRES WHAT IT ASSUMES
• Employee participation
• Industrial engineering/basics • Stable environment
• Continuing improvement
• Total quality control
• Small lot sizes
6.
7. • JIT manufacturing focuses on production system to
achieve value-added manufacturing
• TQM is an integrated effort designed to improve quality
performance at every level
• Respect for people rests on the philosophy that human
resources are an essential part of JIT philosophy
8. Goal of JIT
Ultimate A
Goal balanced
rapid flow
Supporting Eliminate disruptions
Goals
Make the system flexible
Eliminate waste
Product Process Personnel Manufactur- Building
Design Design Elements ing Planning Blocks
9. • In order to achieve competitive
advantage through JIT, the necessary
building blocks should be installed
• The building blocks can also be
regarded as JIT success factors.
10. • Product design
• Process design
• Organizational elements
• Manufacturing planning and control
• Supplier relationships
• Preventive maintenance
11. • Process design with product design
• Standard product configuration and standart parts
• Reduced number of parts
• Modular design
• Concurrent engineering
• Highly capable production systems
12. • Small lot sizes
• Setup time reduction
• Reduced Inventories (Limited WIP)
• Continuous quality improvement
• Production flexibility
• Balanced system
• Fail-safe methods
14. • Uniform production levels
• Level loading (level schedules)
• Pull systems
• Visual systems
• Reduced transaction processing
15. • Reduced number of vendors
• Supportive supplier relationships
• Quality deliveries on time
• Frequent deliveries in small lot quantities
• Reduced lead times
• Reduced transaction processing
• Certified vendors
16. • All activities involved in keeping equipment in working
order
• Maintaining equipment in good condition and replacing
parts that have a tendency to fail before they actually fail
• Done to prevent failure
• JIT requires
– Scheduled & daily PM
– Operator involvement in PM
• Knows machines
• Responsible for product quality
17. Preconditions to JIT
• Recognition of Processes
• Quality at the source
• Agreement over value and waste
• Trust must be present
- labor/management
- suppliers/consumers
18. • Management may not be committed
• Workers/management may not be cooperative
• May be difficult to change company culture
• Suppliers may resist
19. • Unwilling to commit resources
• Uneasy about long-term
commitments
• Frequent, small deliveries
may be difficult
• Burden of quality control
shifts to supplier
20. • Use single-source suppliers when possible
• Build long-term relationships
.
• Work together to certify processes
• Co-locate facilities to reduce transport
if possible
• Stabilize delivery schedules
• Share cost & other information
21. • Reduced inventory
• Improved quality
• Lower costs
• Reduced space requirements
• Reduced lead times
• Increased productivity
• Reduced scrap and rework
22. • Better relations with suppliers
• Simplified scheduling and control activities
• Increased equipment utilization
• Better use of human resources
• More product variety
• Reduced need for indirect labor