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Just-in-time inventory is one of the major developments in operations management. Identify a company that is currently using JIT. Describe how JIT is supporting their business strategy and the future operations of the company. Your report should include how JIT is used to deliver products or services in just the right quality and quantity and at the right time. Uniform Plant Loading is an important concept of JIT. Your report should include the application of this concept in support of operations for your selected company. It should also include the description of some JIT supplier relationship techniques that can reduce inventory while meeting the demands from the customers.
Select a company that is using JIT. Your company can be a local, national or international company.
Describe how JIT is supporting their business strategy or mission statement and future operations.
Discuss how JIT is used to deliver products or services in just the right quality and quantity and at the right time.
Discuss the application of Uniform Plant Loading in support of the operations of your selected company.
Discuss some JIT supplier relationship that can be used to reduce inventory while meeting the demands from the customers.
Consider the system shown below. The realibility of each process is listed at the top of the box. What is the reliability of the system?
Define the term compound interest. When corporations release earnings, they often include the prior year's numbers a well as the current year's. Often, the numbers are translated into percentage terms.
Social media could themselves trigger dramatic organizational changes, as well as creating new channels of communication with regard to other changes.
some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Community market.
The term "Big Data" defines a large set of data that may be analyzed to reveal associations, patterns or trends.
The weekly demand of a certain consumable item XYZ at NAS North Island follows Poisson distribution with a mean of 5. The demand at NAS Miramar follows the same distribution with the mean of 6. What is the required stock level at the beginning of the..
Evidence-based decision making should never be used in making decisions. Evidence-based decision making should never be used in informing decisions.. Evidence-based decision making should never be used in supporting decisions. Evidence-based decision..
identify how the company has changed marketing strategies over the course of the product's lifecycle..
The lead time for production of A is two weeks. Develop the materials requirements plan for the next eight weeks for Items B, C, and D.
The following activities are part of a new project that the firm is planning. If the project is planned using the critical path method, how would the network look? What is the critical path? Also, estimate the completion time for this project.
Given that the Justice Department has seen these arrangements as possibly violating antitrust laws,
Which of the following expenses would not be included when calculating Holding costs?
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