INTRODUCTION TO WAREHOUSE CONCEPTS‚ DECISIONS AND OPERATIONS Objectives After studying this lesson‚ you will able to: Explain the meaning of warehousing; Recognize the need for warehousing; Identify different types of warehouses; Explain the characteristics of ideal warehouses; Describe the functions of warehouses; and Enlist the advantages of warehouses. 1.1 Introduction We need different types of goods in our day-to-day life. We may buy some of these items in bulk and store
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Just In Time (JIT) Introduction JIT is system whether company starts manufacturing/purchasing once the customer orders the good effectively making zero inventories. In other words‚ in a JIT environment materials are purchased and produced as and when it is needed. The whole idea is based on the phrase provide the goods just in time as promised when the order is placed by the customer. The opposite of the JIT production is known as JIC (Just in case) system where it produces goods for inventory
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Exam 3 Outline SCM 303 Chapter 12 Demand Planning: Forecasting and demand management Demand Planning- the combined process of forecasting and managing customer demands to create a planned pattern of demand that meets the firm’s operational and financial goals. Fluctuating customer demand cause operational inefficiencies‚ such as: Need for extra capacity resources‚ backlog‚ customer dissatisfaction‚ system buffering (safety stock‚ safety lead time‚ capacity cushions‚ etc.) 3 basics tactics
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FORECASTING Managers are always trying to reduce uncertainty and make better estimates of what will happen in the future; this is the main purpose of forecasting. Some firms use subjective methods‚ seat-of-the pants methods‚ intuition‚ and experience. There are also several quantitative techniques‚ moving averages‚ exponential smoothing‚ trend projections‚ and least squares regression analysis. Eight steps to forecasting: * Determine the use of the forecast—what objective are we trying to
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Time (JIT) Manufacturing System is a Mile Stone Shirajul Islam M. Phil Researcher‚ Jahangirnagar University‚ Savar‚ Dhaka Abstract This article explains how a firm manages her inventory to gain minimum production cost and earn business success by using JIT (Just in Time) Manufacturing System. It provides a mathematical framework to understand the performance of a farm‚ and argues that inventory cost minimization method is an approach that helps a farm to be competitive and successful. JIT inventory
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greatest concern for the Sunwind in the present scenario. * The trend of the major manufacturers like Toyota who are working on “Less” suppliers’ model to increase the efficiency is of a big threat as Volvo might even persuade it. * The system of JIT which is being implemented recently by the Volvo group‚ the Belgian manufacturer is
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be eliminated using JIT Ans. Just in Time (JIT) is a management philosophy aimed at eliminating waste and continuously improving quality. Credit for developing JIT as a management strategy goes to Toyota. Toyota JIT manufacturing started in the aftermath of World War II. Although the history of JIT traces back to Henry Ford who applied Just in Time principles to manage inventory in the Ford Automobile Company during the early part of the 20th Century‚ the origins of the JIT as a management strategy
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TOTAL QUALITY MANAGEMENT | CONTINUOUS PROCESS IMPROVEMENT | | Process‚ The Juran Trilogy‚ Improvement Strategies The PDSA (Plan-Do-Study-Act)‚ Problem solving method‚ Kaizen and Six-Sigma | | JOHN KIRUGUMI :B211/003/0003/2012 | 3/1/2013 | | INTRODUCTION Processes: Quality is a never ending quest and Continuous Process Improvement (CPI) is a never ending effort to discover and eliminate the main causes of problems. It accomplishes this by using small-steps improvements
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globalization. It’s main line of business is hamburgers. It primarily sells cheeseburgers‚ hamburgers‚ French fries‚ chicken products‚ ice-creams and soft drinks. Inventory management in McDonalds: McDonalds follows a Just in Time (JIT) system of inventory management. JIT‚ as the name suggests‚ is the system of supplying products to customers as soon as they have ordered for it‚ with minimal delay between placing the order and getting it in hand. McDonalds doesn’t begin to cook or assemble or preheat
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Zhangz27@hotmail.com ERP systems were introduced to China at the beginning of 1980s when several state-owned companies adopted foreign ERP packages. Until now‚ nearly 1‚000 companies in China have implemented material requirements planning (MRP)‚ manufacturing resources planning (MRP II) or ERP systems. During the past twenty years‚ foreign ERP vendors dominated China’s ERP market in that ERP represents bestpractice process. Figure 1 describes 98’ ERP market share distribution in China‚ foreign ERP vendors took
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