07-20-2011, 05:31 AM
Write any three benefits of JIT (just in time) inventory system?
Reduced inventory levels
High quality
Flexibility
Reduced lead times
Increased productivity
What is scheduling? Scheduling services
Scheduling is an important tool for manufacturing and service industries where it
can have a ma or impact on the productivity of a process. In manufacturing, the
purpose of scheduling is to minimize the production time and costs, by telling a
equipment. Similarly, scheduling in service industries, such as airlines and public
transport, aim to maximize the efficiency of the operation and reduce costs.
Scheduling
Benefits of e-Purchasing
• Meets immediate requirements
• Next day delivery
• Right goods, first time is essential
• Ideal for low cost, high volume transactions
How services contribute in the growth of an economy?
Service enterprises are organizations that facilitate the production and distribution of
goods, support other firms in meeting their goals, and add value to our personal lives.
Role of Services in an Economy
What is queuing analysis? And what are its uses for waiting lines?
Waiting Lines
Queuing theory: Mathematical approach to the analysis of waiting lines.
1. Goal of queuing analysis is to minimize the sum of two costs Customer waiting costs
production facility what to make, when, with which staff, and on which
What are the Benefits of electronic purchasing?
• Enables fast time to market ethos
and
Service capacity costs.
2. Waiting lines are non-value added occurrences
Just-in-time (JIT): At the intra organization level, JIT forms a healthy alliance between
the management and the workforce; all this contributes in elimination of waste. JIT A
highly coordinated processing system in which goods move through the system, and
services are performed, just as they are needed. As operations managers we should
remember this point onwards that
)
j
j
j
C j
C
1. JIT is also known as lean production
2. JIT is the true pull (demand) system
3. JIT operates with very little “fat”
6. Types of Inventories (5 or 3 Marks)
The five common types of inventories are:
1. Raw materials & purchased parts.
2. Partially completed goods called
Reduced inventory levels
High quality
Flexibility
Reduced lead times
Increased productivity
What is scheduling? Scheduling services
Scheduling is an important tool for manufacturing and service industries where it
can have a ma or impact on the productivity of a process. In manufacturing, the
purpose of scheduling is to minimize the production time and costs, by telling a
equipment. Similarly, scheduling in service industries, such as airlines and public
transport, aim to maximize the efficiency of the operation and reduce costs.
Scheduling
Benefits of e-Purchasing
• Meets immediate requirements
• Next day delivery
• Right goods, first time is essential
• Ideal for low cost, high volume transactions
How services contribute in the growth of an economy?
Service enterprises are organizations that facilitate the production and distribution of
goods, support other firms in meeting their goals, and add value to our personal lives.
Role of Services in an Economy
What is queuing analysis? And what are its uses for waiting lines?
Waiting Lines
Queuing theory: Mathematical approach to the analysis of waiting lines.
1. Goal of queuing analysis is to minimize the sum of two costs Customer waiting costs
production facility what to make, when, with which staff, and on which
What are the Benefits of electronic purchasing?
• Enables fast time to market ethos
and
Service capacity costs.
2. Waiting lines are non-value added occurrences
Just-in-time (JIT): At the intra organization level, JIT forms a healthy alliance between
the management and the workforce; all this contributes in elimination of waste. JIT A
highly coordinated processing system in which goods move through the system, and
services are performed, just as they are needed. As operations managers we should
remember this point onwards that
)
j
j
j
C j
C
1. JIT is also known as lean production
2. JIT is the true pull (demand) system
3. JIT operates with very little “fat”
6. Types of Inventories (5 or 3 Marks)
The five common types of inventories are:
1. Raw materials & purchased parts.
2. Partially completed goods called
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