Just-In-Time (JIT) Inventory for the Service Industry Just-In-Time (JIT): Just-in-time is an inventory strategy implemented to improve the return on investment of a business by reducing the carrying costs of in-process inventory. It emphasizes that production should create items that arrive when needed and neither earlier nor later. Quick communication of the consumption of old stock which triggers new stock to be ordered is key to JIT and inventory reduction. This saves warehouse space and costs
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------------------------------------------------- Advertising media scheduling Scheduling refers to the pattern of advertising timing‚ represented as plots on a yearly flowchart. These plots indicate the pattern of scheduled times advertising must appear to coincide with favorable selling periods. The classic scheduling models are Continuity‚ Flighting and Pulsing. [edit]Continuity This model is primarily for non-seasonal products‚ yet sometimes for seasonal products. Advertising runs steadily
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1. Why is scheduling fairly simple for repetitive systems but fairly complex for job shops? Scheduling for repetitive systems is fairly simple because the activities and equipment used is the same. This goes for high-volume and medium volume systems because the productions are the similar. Scheduling for job shops is more difficult because the products formed are customized or of a personal nature and therefore are not mass produced. Stevenson‚ William J. Operations Management‚ 11th Edition. McGraw-Hill
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Just-In-Time Inventory Management Strategy & Lean Manufacturing Overview of Just-in-Time Inventory Management Just-in-time is a movement and idea that has gained wide acceptance in the business community over the past decade. As companies became more and more competitive and the pressures from Japans continuous improvement culture‚ other firms were forced to find innovative ways to cut costs and compete. The idea behind JIT‚ or lean manufacturing‚ is to have the supplies a firm needs at the
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Service Blueprint Service blueprinting is defined as a tool for simultaneously depicting the service process‚ the points of customer contact‚ and the evidence of the service from the customer’s point of view. The proposed blueprint allows for a quantitative description of critical service elements‚ such as time‚ logical sequences of actions and processes‚ also specifying both actions/events that happen in the time and place of the interaction (front office) and actions/events that are out of the
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PLANT LAYOUT Introduction – Plant layout is very essential and needs consideration and attention from the very beginning so as to avoid subsequent problems. Though one can think of several layouts but the best one is obviously the one‚ which is both very systematic and cheap. It is arrangement of machines‚ scientific use of work area‚ easy and convenient transport system‚ easy sorting out of materials and processing different parts. Since the area has already been selected
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issue and full text archive of this journal is available at www.emeraldinsight.com/0972-7981.htm The perceived impact of JIT implementation on operations performance Evidence from Chinese firms Zhi-Xiang Chen Sun Yat-Sen University‚ Guangzhou‚ China‚ and Perceived impact of JIT implementation 213 Kim Hua Tan Nottingham University Business School‚ Nottingham‚ UK Abstract Purpose – The purpose of this paper is to investigate the perceived impact of just-in-time ( JIT) implementation
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Chapter 9 Layout Strategies Learning Objectives When you complete this chapter‚ you should be able to: 1. Discuss important issues in office layout 2. Define the objectives of retail layout 3. Discuss modern warehouse management and terms such as ASRS‚ cross-docking‚ and random stocking 4. Identify when fixed-position layouts are appropriate © 2011 Pearson Education‚ Inc. publishing as Prentice Hall 9-1 Learning Objectives When you complete this chapter‚ you should be able to: 5. Explain
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describe it: be clair of what it is and waht it does use detail waht is the context in which produced? when from ? production describe the place of the technology ( new vs. evolution of product). make the distinction bwn new and evolving technology? new tech . evolutionary product is being fixed who are the users? describe‚ get info form product magazine‚stats canada ‚ is it predominatly used by men‚women‚ kids‚ edlers? waht is wrong with it? describe in detail describe the changes you would
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Facilities Layout Facilities layout refers to the arrangement of all equipment‚ machinery‚ and furnishings within a building envelope after considering the various objectives of the facility. The layout consists of production areas‚ support areas‚ and the personnel areas in the building Need of Facilities Layout The need for facilities layout arises both in the process of designing a new layout and in redesigning an existing layout. The need in the former case is obvious but in the latter
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