IEEM 517 Just-In-Time LEARNING OBJECTIVES 1 1. 2. 3. Understand the philosophy of Just-In-Time (JIT) Learn the working procedure of JIT Know the differences between the two production-control systems‚ MRP (the push system) and JIT (the pull system) 1 CONTENTS • Motivation • JIT Philosophy • JIT Procedure – Toyota Kanban Systems • MRP vs. JIT • Summary 2 PRODUCTION AND OPERATIONS MANAGEMENT Product development long term Product portifolio Purchasing Supply network design
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Time is money Indeed‚ however the concepts of “time” and “money” are closely related‚ they are not equal. Some people complain about the lack of money‚ but do not know how to kill their time‚ while others earn decent amount of money‚ but cannot find a minute of free time. In the formula‚ “time is money” – there is great wisdom‚ which‚ however‚ is formulated too generally. As well as money‚ time is a resource. However‚ this is a unique resource. Time‚ unlike money‚ you cannot borrow‚ save‚
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In 1960 Douglas McGregor‚ a professor of Industrial Management at Massachusetts Institute of Technology‚ presented his view about the nature of people in his book “The human side of Enterprise [1]”. In order to explain the nature of people McGregor identified two set of assumption known as theory X and Theory Y. With the help of these theories the importance of motivation is discussed in this chapter. Theory X assumptions * Individuals inherently dislike the work and will avoid work if they
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through which you must see the world”‚ said George Bernard Shaw. Respected teacher and my dear friends a very good morning to one and all. Today I stand before you all to say a few words on the topic ‘Importance of Cleanliness’. In simple words‚ cleanliness is the opposite of dirty. It has got high importance. People should learn to be hygienic to lead a healthy life. We need to brush our teeth daily with frequent hand wash before and after meal accompanied with regular bath. As we are social animals‚
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Importance of ethics 1.0 INTRODUCTION Ethics are involved in all facets of business from decision making to budgeting‚ from personnel issues to leadership. Today’s managers must be able to see the ethical issues in the choices they face‚ make decisions within an ethical framework‚ and build and maintain an ethical work environment. Managers must be particularly sensitive to ethical issues because of their key role as a bridge between upper management and operating employees. However‚ some managers
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Chapter 1 The Importance of Leadership D. Quinn Mills Leadership How to Lead‚ How to Live © 2005 D. Quinn Mills. All Rights Reserved. Leadership: How to Lead‚ How to Live Few things are more important to human activity than leadership. Effective leadership helps our nation through times of peril. It makes a business organization successful. It enables a not-for-profit organization to fulfill its mission. The effective leadership of parents enables children to grow strong and healthy
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1.) What measures can Starbucks take to ensure that their brand image and reputation for quality is not tarnished while implementing the growth strategy? Since Starbucks is in an open market economy of course it is unavoidable that competition consistently exits. And to be able to compete with your rivals‚ corporation must see to it that you have a competitive advantage over them that compared with this products and services being offered. PRICE-is about the price of the products and services you
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Time is wealth: Time and tide wait for nothing. Time is money. Life is all about managing time and dare for venture. This universe is nothing just a main manesfactation of routine and a splendid example of time management. It is said‚ “Coming and going is a part of man dunce life but if time lapse it will never ever come again”. “Time and tide wait for nothing”. Islam also makes it compulsory for it as five prayers at fix time. It is a factor to be looked upon in order to complete shoulder
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Formal motion and time study‚ however‚ goes somewhat beyond the concept of work simplification and streamlining of processes. One author lists four distinct parts to the process‚ namely‚ (1)finding the most economical way of doing the job‚ (2) standardizing the methods‚ materials‚ and equipment‚ (3) determining accurately the time re- quired by a qualified person working at a normal pace to do the task‚ and (4) assisting in training the worker in the new method. The differ- ent parts may be considered
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the reader he uses representation to give an object human life. An example when he gives an object a human life structure is; "It was a town of unnatural red and black like a painted face of a savage‚"(1057). By doing this he was stressing the importance of how nothing is progressing and the politicians need to take another look at the communities whole social and living structure. He makes inferences on industrialization and the effect that it has like "the river ran purple" and "it had a black
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