Comparison of conventional and jit wisdom, Strategic Management

Assignment Help:

Comparison of Conventional and JIT Wisdom

JIT philosophy

Ideal lot size is 1

Balanced production is best

Inventory is wasteful

Eliminate waste

Handle only some

Reduce or eliminate

variability

Conventional wisdom

Large lots are efficient (keep machines working)

Faster production is more efficient - scheduling is

necessary

Inventory is necessary

Waste occurs

Materials handling is necessary

Scheduling is necessary - there is a trade off

between utilisation and performance

Related Discussions:- Comparison of conventional and jit wisdom

What makes a strategy a winner, What Makes a Strategy a Winner? 1. T...

What Makes a Strategy a Winner? 1. Three questions are used to examine the merits of one strategy versus other & distinguish a winning strategy from a losing or mediocre str

Preliminary investigation - knowledge management technique, Tatra is the wo...

Tatra is the world's third oldest car company, and produced a number of rather advanced streamlined cars during the course of its production run. Because spare parts and manuals ar

Discuss the pertinence and relevance of the ansoff matrix, Question 1: ...

Question 1: (i) Why should stategic issues involve all stakeholders for a product or/and service? (ii) What are the objectives of strategic formulation and implementation

Economic crisis in new member states, Among NMS, we can find various scenes...

Among NMS, we can find various scenes of the economic crisis, ranging from countries with extremely serious crisis to countries with rather milder crisis. These countries can be cl

Branch manager, Discuss how changes in income ,technology ,or other changes...

Discuss how changes in income ,technology ,or other changes in the economic environment may lead to changes in the balance between public and private provision .Illustrate,for ins

Investigate the reasons for the failure of strategies, Question: John T...

Question: John Taylor is the Strategic Policy Director of ACCESS International, a large marketing company specialising in buying a variety of manufactured products from the USA

Case study using blue ocean strategy, Astor Lodge & Suites, Inc. There are ...

Astor Lodge & Suites, Inc. There are two parts: part A: describe the Us hotel industry and competitive positioning and financial performance. Part B: study the Aus hotel industry a

A strategic vision is differ from a mission statement, A Strategic Vision i...

A Strategic Vision is Differ from a Mission Statement: Whereas the chief concern of a strategic vision is with "where we are going & why", a company's mission statement usua

Mclaren Group, How has McLaren overcome the market entry barriers that are ...

How has McLaren overcome the market entry barriers that are present in the mass car market?

Open group architecture framework, Discuss the following quotation and ...

Discuss the following quotation and please provide examples. Enterprise Architecture is an organising logic for managing change within an Information Systems environ

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages