JIT Management
Eli Whitney developed the interchangeable parts system when accepting a contract to manufacture muskets for the U.S. Army in 1799 (A Brief History of (Just-In) Time). Over the next 100 years, large scale processes held focus while manufacturers focused on individual technologies. The system of engineering drawing developed and modern tools were perfected during this time.
In the late 1890s, Fredrick W. Taylor created "Scientific Management" by observing workers and work methods, then implementing Time Study and standardized work. Frank Gilbreth added Motion Study and invented Process Charting, which focused on all work elements, including non-value added elements. Lilian Gilbreth added the study of motivations of workers and how attitudes affected the outcome of processes. These three originated the idea of eliminating waste.
Around 1910, Henry Ford and Charles E. Scrensen created the first comprehensive Manufacturing Strategy. Ford is considered to be the first practitioner of Just In Time and Lean Manufacturing strategies. In the 1930s, Alfred P. Slogan developed business and manufacturing strategies for managing large processes and dealing with variety.
Just-In-Time refers to manufacturing and conveyance of only what is needed, when it is needed, and the amount needed at a specific time (Toyota Production System Terms). It operates on three principles of the pull system, continuous flow processing, and takt time. The pull production system is the concept that each manufacturing component must be in line with another department to build the final product (Pull Production - Understanding Kanban: Extended Entry). It is controlled by management authorization to produce or not and uses visual aids to show progress and control the movement between work stations. The pull system starts with low levels of stock based on demand in needing the product, usually a number of days, and purchases are only made at a need to purchase level indicated by the management.
The continuous flow...
SCM as a Method of Inventory Control SCM and Inventory Control This paper examines the use of supply chain management (SCM) as a tool for inventory control. SCM, which coordinates and integrates the activities of supply chain members, plays an increasingly important role in companies' reducing their costs and making better informed decisions. Companies benefit from SCM and inventory control by better meeting customer demands for product availability and pricing, and by
52). The researcher handles or controls the items differently. It is a form of Pareto analysis where items such as customers, documents, activities, inventory items, sales territories grouped into three categories namely a, B, and C. In order of their estimated importance. Consequently, 'A' items are very important, 'B' items are important, and 'C' items are marginally important. The organization gives 'A' rating to their best customers since they
As is shown in the case, CCBCC begins with an intensive commitment to the initial collaborative planning phases of ensuring front end alignment with their distribution channel partners. Joint business plans ensure the company has the ability to effectively plan for spikes in demand more effectively than traditional, and less flexible means allow for. The collaborative planning phase of the CPFR Model is essential for ensuring a high degree
In analyzing a Company, we can also compute its gross profit ratio and return on sales. Gross profit ratio is computed by dividing gross profit with sales and return on sales is computed by dividing net income by sales. Respectively, 2006 and 2005 ratios of ABC Company are as follows: 39% and 38% in gross profit; and 16% and 15% in return on sales. Other quantitative measurement of its liquidity is
Inventory Policy Controlling inventory is a control of 45% to 90% of all expenses related to business is very important also to see that the business has the correct goods on hand so that it does not get into stock-outs, or shrinkage of inventory due to spoilage or theft, and helps in providing a correct accounting. When inventory is not maintained properly, then the major part of the assets of a
Time Management At ResCare Inc. The time consumed between the auditing processes and conducting training is substantial. This time could be used more efficiently and there are opportunities to reduce the time frame between those two processes. There are methods that can be used to manage and reduce this time which fall under the realm of time managing process. Time management is processes of planning, creating awareness, and harnessing control over
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