BUSS211 OM Lecture 4 Lean Operations MRP vs. JIT Professor Kihoon Kim Lean Operations Slide 1 Outline Independent demand vs. dependent demand MRP (Push) vs. JIT (Pull) How MRP works? How JIT works? Lean Operations Tactics Lean Operations Slide 2 Independent vs. Dependent Demand Independent Dependent 1. End or finished items 1. Subassemblies‚ Components/Materials 2. May be uniform demand 2. Lumpy demand 3. Few items - carefully monitored 3. Many items – less emphasis
Premium Kanban
would help them to eliminate waste and changing something for the better. This would also help them to document and standardize the process so that ideas for improvement can be evaluated objectively. Implementing Hybrid Manufacturing System i.e. Flow Manufacturing which is MRP/JIT combination. Thus it would help in controlling and monitoring the scheduling of inventory of seats. We can implement the lot sizing technique – Lot-for-Lot [L4L]: a. Sets planned orders to exactly match the
Premium Lean manufacturing Manufacturing Toyota
main First for Forensics products: F1 Basic and F1 Total. The lack of competiveness is due to unsatisfactory delivery performance as a consequence of the long finished goods holding period in the warehouse. The MPC system currently employed is the MRP system based on monthly forecast. Despite the two main products present a high level of commonality the complexity is raised by a large range of specified options offered to customers. In order to reinforce the ability to compete
Premium Management Investment Bond
Planning (MRP) is a computer-based production planning and inventorycontrol system. MRP is concerned with both production scheduling and inventory control. It isa material control system that attempts to keep adequate inventory levels to assure that requiredmaterials are available when needed. MRP is applicable in situations of multiple items with complexbills of materials. MRP is not useful for job shops or for continuous processes that are tightly linked. The major objectives of an MRP system are
Premium Logistics Inventory
Table of Contents 1.0 INTRODUCTION 2 2.0 LITERATURE REVIEW 3 2.1 Forecasting Inventory 3 2.2 Aggregate Planning 3 2.3 Capacity Planning 4 2.4 Materials Planning 5 2.5 Just-in-Time (JIT) 6 3.0 ORGANIZATIONAL BACKGROUND 8 3.1 History of the Company 8 3.2 Introduction to the Product 9 3.2 COMPANY SCALE 11 4.0 ORGANIZATION ’S PRACTICE AND POLICY 12 4.1 Inventory Management System 12 4.1.1 Inventory Replenishment 14 4.2 Inventory Holding 15 4.3 Adopted Model 15 4.4 Contingency
Premium Production and manufacturing Holding cost Management
Mid Term Essays /24/2015 List the three pillars or central concepts of RCA and describe the central features of the three pillars; then use this along with other items to explain how RCA fundamentally differs from traditional costing systems. Three pillars of Resource Consumption Accounting: 1. Focus on their resources and consumption 2. Quantity structure for resource consumption 3. Recognizing the inherent and changing nature of costs Pillar 1: Focus on their resources and consumption
Premium Management accounting Costs Cost
CLICK TO DOWNLOAD BSOP 429 Midterm Exam 1 Page 1 1. (TCO 12) _____ is the objective under JIT and time-based competition. 2. (TCO 2) Which of the following lead-time elements can be compressed into one well-designed PAC system? 3. (TCO 3) What happens to inventory as the number of kanban cards increases? 4. (TCO 1) In managing supplier relations‚ which of the following is a beneficial setup? 5. (TCO 6) When linking marketing requirements and manufacturing strategy‚ what design approaches
Premium Kanban Theory of Constraints English-language films
Definitions in Operations Management OPERATIONS: Any activity that transforms and adds value to an input stream. The input stream can be a physical entities‚ services‚ or flows. The valued added transformation produces products or services that are designed to meet a customer demand. Operations range from processing loan applications to production of computers‚ to designing buildings. FLOW SHOP: An operation that produces products at volume in a continuous flow or by a well-defined‚ connected
Premium Manufacturing Supply chain management terms Kanban
who gave up old traditional manufacturing practices and started implementing JIT. Paper Outline: 1- Introduction; History of JIT 2- Elements of JIT 3- Goals of JIT 4- Transitioning to a JIT System A) Planning a Successful Conversion B) The Downside of Conversion to a JIT System C) Obstacles to Conversion 5- Effect of Just-In-Time Purchasing Relationships 6- JIT accounting: Decrease Costs vs. Increased efficiency 7- JIT Manufacturing Planning & Control 8- Example; General Motors 9- Case Study:
Premium Lean manufacturing Manufacturing Inventory
to go to a JIT production system or to a Cell approach for production. The purpose of this case is to show how a batch system can be dramatically improved by JIT or Cellular concepts. The case clearly describes the changes that must be made in the production system to achieve the benefits desired. This amounts to a complete change in layout of the production floor and a substantial overhaul of the MRP system. The case nicely ties together some of the material from the text on JIT‚ GT‚ EOQ and
Premium Time Kanban Manufacturing