Preview

Just in Time

Satisfactory Essays
Open Document
Open Document
251 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Just in Time
Students will respond to the following:
• Discuss the pros and cons of a JIT relationship from a supplier’s point of view and a buyer’s point of view.

The con of the JIT relationship is that problems would occur if the company has sudden breaks to service and the supply. This may lead to labor strikes, and then eventually a failed business.

A pro of the JIT relationship would be saving cost by not having unnecessary inventories. Also another attribute is flexibility, allowing the company to answer.

• Analyze the short-term and long-term consequences that could come from implementing this JIT relationship.
The short-term consequence of implementing JIT would be the cost that ties into the culture evolving, training staff on problem solving. The long-term consequence of JIT is improving the quality of the product along with the delivery of it. Once customers realize the proficiency of the company with its product that leads to a chance of a larger profit.

• Discuss what factors Dixon and D&S should consider before making a decision on this relationship.
In regards to factors that Dixon and D&S should consider before making a decision is:
1. Improved Quality- measuring the quality of service, timeliness, service consistency and courtesy.
2. Utilizing Multifunction Workers – Assist with improving quality and customer service.
3. Reduced Turn Around time – The competition is steady among companies that provide services, so a company that uses JIT concepts reduces the turnaround time and increase their

You May Also Find These Documents Helpful

  • Powerful Essays

    DRAPER INSTRUMENTS

    • 4341 Words
    • 18 Pages

    Issues: How can DI motivate employees to achieve JIT objectives and track progress on the implementation of the JIT system? How can DI successfully move towards implementing and utilizing a JIT system?…

    • 4341 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    2.Discuss the impact of just-in-time production on the entire supply chain. Specifically, how does JIT affect supplies, procurement planning, inventory levels, modes of transportation selected, and warehousing? What are the benefits of JIT to the end customer?…

    • 606 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    IFM11 TB Ch26

    • 3672 Words
    • 17 Pages

    Synergistic benefits can arise from a number of different sources, including operating economies of scale, financial economies, and increased managerial efficiency.…

    • 3672 Words
    • 17 Pages
    Satisfactory Essays
  • Powerful Essays

    Intel vs Arm Case

    • 1216 Words
    • 5 Pages

    Value Added to Company. The proposed acquisition will provide JBT with a solution for its declining operating profits (from 10.7% to 7.8% YOY). A main cause for this was an unfavorable mix of aftermarket products sold compared to the prior year. By introducing a high-quality, high-margin product (50%) to their product mix; JBT should see increases in their operating profits, which will positively impact their bottom line. In addition, profits from servicing the equipment will provide an additional consistent and profitable revenue stream over the life of the product.…

    • 1216 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Management

    • 1203 Words
    • 5 Pages

    7.The just-in-time (JIT) philosophy is the belief that cutting inventory and removing non-value-added activities in operations can eliminate waste.(Points : 2)…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    There are several other benefits to partnering with Kelly Services as well. Our extensive experience in overseas business allows us to better communicate within the business world of other cultures. It is very possible that your company has begun to see some of the differences in…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The benefits of adopting a JIT approach are invaluable for Stermon; first of all, given the market situation, they need to act as soon as possible as they currently cannot compete on cost with giants like International Papers and Georgia Pacific. This option represents a survival matter for the company as would allow them to be more flexible and therefore able to compete on differentiation.…

    • 1026 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    To summarize my advantages I am stating that I have the advantages of having a good support system with JIU. A staff that is willing to go the extra mile to help with all problems that may arise be it day or night…

    • 499 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The advantages include better understanding of the industry, lower cost because of the reduced amount of work on evaluate the industry, gain great profit when the industry is going up, and early recognition of the industry trend because of the shared information from different companies.…

    • 762 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    -Company own sales & marketing people feel that if this idea is successful they will be out of the company as their will be no need of sales & marketing team after this JITD implementation.…

    • 2144 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Danone

    • 393 Words
    • 2 Pages

    This was also the reason for Danone to set up joint ventures. They did not have good understanding of the Chinese market, so by cooperating with a local firm, they could acquire knowledge wchich could help to become a key player in this market.…

    • 393 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Frederick, H. W. (1984): Accounting information systems and practice, New York, Macgraw-Hill. Fullerton, R. R. and McWatters, C. S. (2001): The production performance benefits from JIT implementation, Journal of Operations Management, 19(1): 81 - 96 Fullerton, R. R. and McWatters, C. S. (2001): The production performance benefits from JIT implementation. Journal of Operations Management, 19(1): 81 - 96. Gil, N. (2009): Management information system and strategic performances: the role of top team composition, international journal of information management, 29,104-110. Giunipero, L., Pillai, K., Chapman, S. & Clark, R. (2005): A longitudinal examination of JIT purchasing practices. The International Journal of Logistics Management, 16(1): 51-70 Hall, M. (2009): Accounting information and managerial work, accounting organizations and society, in press, corrected proof, Hall, R. W. (1983): Zero Inventory Crusade – Much More Than Material Management, Production and Inventory Control Society, 24(3): 1-9. Hendricks, J. A. (1994): Performance Measures For a JIT Manufacturer: The Role of the IE.” Industrial Engineering, 24-32. Huber G. P. (1990): A theory of the effects of advanced information technologies on organizational design, intelligence, and decision-making. Academic Management Review, 15: 47–71. Huber G. P. and Power D. J. (1985), Retrospective reports of strategic-level managers: guidelines for increasing their accuracy, Strategic Manage J; 6 (2), pp.171–80. Inman, R. A. and Mehra, S. (1993): Financial justification of JIT implementation, International Journal of Operations & Production Management, 13(4):32 - 39 Kren, L. (1992): Budgetary participation and managerial performance: The impact of information and environmental volatility. Account Review; 67: 511–26 Lautier, W. (2001): Accounting theory &practice, seventh edition England, Foundational times Prentices Hall. Mauldin E. G. and Ruchala, L. V. (1999): Towards a meta-theory of accounting information systems. Accounting, Organization and Society; 24, 31-317. McMahon R. G. P. and Davies L. G. (1994): Financial reporting and analysis practices in small enterprises: Their association with growth rate and financial performance. Journal of Small Business Management;11: 92-475. Mcnair, C. J., Lynch R. L. and Cross, K. F. (1990): Do Financial and Non-financial Performance Measures Have to Agree? Management Accounting, November: 29. Mia, L. and Chenhall, R. H. (1994): The usefulness of management accounting systems, functional differentiation and managerial effectiveness. Accounting, Origination and Society; 19:1–13 Mistry, J. J. (2005): Origins of profitability through JIT processes in the supply chain. Industrial Management and Data Systems, 105(6):752 - 768. 84…

    • 5264 Words
    • 22 Pages
    Powerful Essays
  • Satisfactory Essays

    Just in Time

    • 1870 Words
    • 8 Pages

    | the kanban cards provide a direct control on the amount of work-in-process between cells.…

    • 1870 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Just in Time

    • 1336 Words
    • 6 Pages

    Buffer inventory is also called safety inventory. Its purpose is to compensate for the unexpected fluctuations in supply and demand. For example, a retail operation can never forecast demand perfectly, even when it has a good idea of the most likely demand level. It will order goods from its suppliers such that there is always a certain amount of most items in stock. This minimum level of inventory is there to cover against the possibility that demand will be greater than expected during the time taken to deliver the goods. This is buffer, or safety inventory. It can also compensate for the uncertainties in the process of the supply of goods into the store, perhaps because of the unreliability of certain suppliers or transport firms.…

    • 1336 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    6. Why do you think it is of importance to have a good relationship with your supplier?…

    • 1175 Words
    • 5 Pages
    Powerful Essays