JIT and Process Standardization Just-in-Time is a philosophy that concentrates on the delivery of a product or service in the time‚ quantity‚ and quality desired by the customer. Applying just-in-time philosophy to the service industry by standardizing processes improves customer satisfaction. A fast food drive-through restaurant is a perfect example of how using JIT philosophy and standardization improves the process thus improves customer satisfaction. Implementing continuous improvements in
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trade-off between ordering and carrying costs of inventory. The two that will be discussed is the Economic Order Quantity (EOQ) model and the Just-in-time (JIT) model. First‚ the history and definition of the theories will be discussed. Secondly‚ there will be a comparison of these two models presented. Thirdly‚ organizations that employ the EOQ and JIT model will be discussed and an explanation will be given on how each organization benefited in their operations from using these particular models.
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every size are realizing the value of creating a plan to increase and manage diversity within their companies. The steps in developing this plan can include; assessing needs‚ defining goals and methods‚ open lines of communication‚ and evaluation. FedEx recognized early in its endeavors to become worldwide that diversity inclusion would be vital to this success. Assessment As assessment of the firm’s needs is the first step toward developing this plan. Through consultation with managers‚ staff
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video. A business process is a collection of related‚ structured activities or tasks that produce a specific service or product for a particular customer(s). In FedEx case‚ the business process is the packages sorting in order to ship them to customers in many destinations inside and outside the U.S. As displayed in the video‚ first‚ a FedEx agent picks up a package and scans it‚ entering it into the system under a unique identification number. It is then transferred into a hub‚ or sorting center‚
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innovations in manufacturing systems and management‚ one of which is the philosophy of “Just in Time”. Just-in-time (JIT) refers to a collection of practices that is designed to eliminate waste and achieve manufacturing excellence. These organizational practices encompass the entire logistics flow of materials from purchasing through production and distribution. The elements of JIT may include shared product design with suppliers and customers‚ movement toward single sourcing‚ proximate suppliers
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time and in one piece were slim to none. So the shipping war began between USPS‚ FedEx and the United Parcel Service (UPS) for who can ship your packages safer and faster. When the two major shipping companies‚ FedEx and UPS began to battle it out‚ one decided to change the game and add printing services‚ thus changing the organizational structure of all three companies to compete with the ever growing FedEx and FedEx Office. In the world of printing on paper‚ one company name ruled over all others;
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in a Global Environment Federal Express‚ known today as FedEx was developed by Fred Smith in 1973. Mr. Smith saw need for customer to receive packages sooner than 1-3 business days; this was the norm for express mail 40 years ago (Hill & Jones‚ 2013). Federal Express changed the structure of air cargo industry and improves on the overnight delivery service (Hill & Jones‚ 2013). In this paper‚ it will analyze value creation frontier of FedEx‚ determine which four building blocks will give competitive
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perspective. It is clear that FedEx ’s commitment to operational planning is a key component of the organization ’s current and longstanding success. However‚ the company ’s operational planning strategy is not without its weaknesses. FedEx has helped to create an expectation of the company as more than an overnight shipping heavyweight. It says so on the company ’s
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Program The leading company in express airfreight shipments is seeking to maintain its superiority in an increasingly competitive global market place. The case describes how FedEx has used information technology to enhance the reliability of its service and add extra features for customers. The case also describes the FedEx ’s efforts to improve service quality in the U.S.A.‚ including new measurement techniques‚ training‚ and "internal marketing". With the company facing a profit crunch following
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1. Evaluate the value proposition offered by the Courier Pak The product in question is a freight product that covers shipment of documents or other items up to a weight of 2 pounds and offered overnight delivery of the documents. Another value proposition of this product is the added safety feature of it being shipped in waterproof or tear-proof envelopes ensuring the documents are shipped without the possibility of damage. The targeted segment for this product is the Rush segment customers
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