Just in time (JIT) is described as a philosophy‚ managerial concept or manufacturing strategy. It achieved fame in the late 1970’s through Taiichi Ohno and is used in many companies till this day especially automotive industries. Just in time was originally a practice of the Toyota motor company in Japan. Chakravorty and Atwater 1995 (cited in Singh and Ahija‚ 2015) suggest that the fundamental of Just in time philosophy is continuous improvement in process through removal of all types of waste.
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Case Study of Just For Feet Inc. Xuan Zhang Q1. Prepare common-sized balance sheets and income statements and compute key ratios for 1997-1998. What were the high-risk financial statement items for the 1998 audit? * Common-sized financial statements: * Key ratio analysis: Liquidity and solvency: | 1999 | 1998 | 1997 | Current ratio | 3.387 | 1.998 | 2.142 | Debt to equity | 1.117 | 0.672 | 0.720 | Times interest earned | 6.376 | 24.665 | 28.286 | Activity | | |
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Characteristics of Supply and Demand The law of supply describes the practical interaction between the price of a commodity and the quantity offered by products for sale. The law of supply is a hypothesis‚ which claims that at higher prices the willingness of sellers to make a product available for sale is more while other things being equal. When the product is high‚ more producers are interested in producing the products. On the contrary‚ if the price of a product is low‚ producers are less interested
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The Characteristics of a Armature Detective Why are we so fascinated with detective fiction? Is it because we are simply interested in the crimes themselves? Or is it because we are drawn to the characters within the stories that have characteristics that we desperately wish we could portray ourselves. The armature detective is one that we follow more often and have characteristics that pull us in more. As said in The Longman Anthology of Detective Fiction “they may be armatures‚ but
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Weber’s Law and Weberized TV Restoration Jianhong Shen School of Mathematics University of Minnesota Minneapolis‚ MN 55455‚ USA Abstract Most conventional image processors consider little the influence of human vision psychology. Weber’s Law in psychology and psychophysics claims that human’s perception and response to the intensity fluctuation of visual signals are weighted by the background stimulus ‚ instead of being plainly uniform. This paper attempts to integrate this well known perceptual
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irrigation ditches‚ specialized craftsmen‚ urban centers and a surplus of food necessary to support non-agricultural workers who lived within the walls of the city.” In addition‚ the historian thought that a civilization needed human organization‚ too‚ not just human achievements. He believed a civilization also needed “money collected through taxes‚ a privileged ruling class‚ a centralized government and a national religious or priestly class.” Then there was Kluckhohn who believed there were three necessary
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can the true Filipino be found in the countryside? Is he part of the remaining indigenous tribes who call the many islands and inlets of the Philippines their home? Or is the true Filipino merely a dream‚ a set of characteristics and qualities that can be found in many people but not in just one person? I believe‚ as many do‚ that the true Filipino is someone that stays patriotic towards the motherland. A person that is defined by the moral implications of his actions and who
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Running Header: Characteristics of an Effective Leader Characteristics of an Effective Leader Abstract In today’s business world it is very important to have effective leadership. It is their responsibility to guide followers so that work is done properly and efficiently. In most organizations today‚ managers have not been trained properly in managing which leads to many productivity problems. It is this lack of training from leadership that causes businesses to fail. In this research
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Argumentative Essay about Helen Thorpe’s Just Like Us Just Like Us by Helen Thorpe is “The True Story of Four Mexican Girls Coming of Age in America.” The story revolves around four high school students; Marisela who is a gaudy‚ driven‚ dramatic girl who wears “twice as much makeup as anybody else in her circle.”(8) Yadira who is a strong and reserved girl who “never gave away anything important with her facial expressions.”(8) Elissa is a star athlete and Clara usually dresses like a tomboy.
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Just War‚ Pacifism and Realism From an Ethical Perspective Abstract Human beings have been fighting with each other since prehistoric times‚ and people have been discussing the rights and wrongs of it. The Ethics of War begins by assuming that war is a bad thing‚ and should be avoided if possible‚ but there can be situations when war may be catastrophic. War is a bad thing because it involves deliberately killing or injuring people
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