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

How to solve complex econometric question, I have problem in subject econom...

I have problem in subject econometrics, how i get solved questions in econometrics.

Divisional structures – product organisation, Q. Divisional structures – pr...

Q. Divisional structures – product organisation? The functional structure is normally adopted by an entrepreneurial structure e.g. small business, because the organisation grow

Weakness in swot analysis , Weakness: Though Arpanaa has the best amenitie...

Weakness: Though Arpanaa has the best amenities in tow which are not offered by the hotels that are located in and around the town, it runs short of few features such as non veget

Question 3, Conduct an industry & a 5-Forces analysis for BOE/AIR. w/focus ...

Conduct an industry & a 5-Forces analysis for BOE/AIR. w/focus on commercial aircraft mfg (Hint: extend POV to travel preferences now & future, & review BOE/Air''s POVs on the indu

Research on a business organization, The title of the research question is:...

The title of the research question is: 1. To investigate and research on a business organization of your interests. 2. To identify the scope of their business strategy, within th

Supplementary activities, To be effective in hazard control programme it...

To be effective in hazard control programme it must be planned and should be logical. Programme objectives and safety policies need to be established. Responsibility to th

Explain business strategy, Explain Business strategy Business strategy...

Explain Business strategy Business strategy is concerned with how an operating unit or strategic business unit approaches a certain market. This is the level where competitiv

Team development, 1.Describe the stages of team development 2 Justify how ...

1.Describe the stages of team development 2 Justify how to motivate team members to achieve given aim.

Formulate a corporate level strategy, For your first assignment you describ...

For your first assignment you described the recent macro and micro scale developments of the sector you are or would like to be in. Now select a prominent company (it can be eithe

Tools to influence social control, Tools to influence social control ...

Tools to influence social control Mission statements for example purpose and goals promoted. Reward for example linking remuneration with performance. Punishment

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages