Q1. Explain in brief the origins of Just In Time. Explain the different types of wastes that can be eliminated using JIT Ans. Just in Time (JIT) is a management philosophy aimed at eliminating waste and continuously improving quality. Credit for developing JIT as a management strategy goes to Toyota. Toyota JIT manufacturing started in the aftermath of World War II. Although the history of JIT traces back to Henry Ford who applied Just in Time principles to manage inventory in the Ford Automobile
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SYST 4050 Supply Chain Management – Homework 5 1. Harley Davidson has its engine plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported between the two plants using trucks‚ with each trip costing $1‚000. The motorcycle plant assembles and sells 3000 motorcycles a year. Each engine costs $500‚ and Harley incurs uses holding cost of 20 percent. a) How many engines should Harley load onto each truck (i.e. what is the optimal order quantity)? D = 3‚000
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the past two decades. Consumers in geographically dispersed‚ developing and conventional markets are demanding higher quality yields at lower cost unfortunately in a shorter time. Consequently‚ food processing firms have been required to reorganize their food processing activities and readjust their global marketing and supply strategies. Nestle has moved fromvertically integrated‚ centralized‚ single site processing facilities to geographically spread networks of resources. Pursuant to acquire technological
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Republic of the Philippines BATANGAS STATE UNIVERSITY JPLPC- Malvar Campus Malvar‚ Batangas COLLEGE OF ENGINEERING AND COMPUTING SCIENCES LAB EQUIPMENT FAMILIARIZATION EXP. 1 Submitted to: Ms. Yzle Marie Balita Submitted by: Jesmar T. Angulo (IE-411) Rating: LAB EQUIPMENT FAMILIARIZATION EXP. 1 Objectives To be familiar with the main blocks of the oscilloscope and the function of each block. Understand
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1. Anatomi dan Fisiologi Sistem Pencernaan Sistem pencernaan adalah sistem organ yang menerima makanan‚ mencerna‚ dan mengeluarkan sisa makanan dari proses pencernaan tersebut. Fungsi utama sistem pencernaan ini adalah untuk mengabsorpsi makanan‚ menyediakan zat nutrien yang sudah dicerna secara kompleks menjadi molekul sederhana‚ untuk di distribusikan ke dalam sel melalui sirkulasi dengan unsur-unsur (air‚ elektrolit‚ dan zat gizi) dan menyekresi sisa makanan. Sistem pencernaan manusia diawali
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alliance partners‚ and internal sub-units • Companies are beginning to manage relationships‚ not just physical assets and intellectual property 2 Introduction • “Shrinking Core‚ Expanding Periphery” – As organizational boundaries are extended‚ organizational centers are shrinking • Companies are outsourcing more activities • Increase in partnerships on the vertical up and down the value chain – Organizations are expanding their horizons through providing customers with a greater variety
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product produced and shipped can become weaker when suppliers experience financial issues stemming from contractual performance. This happens primarily when flawed products are shipped to meet present currency requirements. Because of the fact that management is highly interested in cash flow‚ deliveries start to get behind schedule. Late deliveries or bad quality product is not acceptable so financial ratios must be monitored and acted upon professionally. 2. What action should Bill take? Bill
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c M t y - B a s e d Costing (ABC)‚ Just-in-Time (JIT)‚ T otal Quality M anagement (TQM)‚ a nd Quality Costs b I . .ITY-BASED COSTING Many companies use a traditional cost system such as job-order costing or process costing‚ or some hybrid of t he two. Using the traditional methods of assigning overhead costs to products using a single predetermined overhead rate based on any single activity measure can produce distorted product costs. The growth in the automation of manufacturing
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FIJI GENERAL PRACTITIONER VOLUME 14 NUMBER 2 JULY 2006 Journal of The Fiji College of General Practitioners mEdICO-LEGAL IssuEs 1. vIEwPOINT ARE vIRTuAL uNIvERsITIEs AN ALTERNATIvE TO BRICk ANd mORTAR? 2. vIEwPOINT HEALTH PACkAGEs: A LABORATORy PERsPECTIvE 3. vIEwPOINT BOxING ANd mEdICINE AN ANALysIs OF CAusEs OF dEATHs IN FIJI Theme: Screening Medicals Health Packages. CONTENTS EdITORIAL...............................................................................
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Multiple Choice Questions 1. Forecasts a. become more accurate with longer time horizons b. are rarely perfect c. are more accurate for individual items than for groups of items d. all of the above e. none of the above One purpose of short-range forecasts is to determine a. production planning b. inventory budgets c. research and development plans d. facility location e. job assignments Forecasts are usually classified by time horizon into three categories a. short-range‚ medium-range‚ and long-range
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