transactions and Monitoring of status. 2.1.2. Foreign Literature Just-in-time (JIT)‚ Vendor Managed Inventory (VMI) JIT and VMI can shorten lead time‚ improve quality and relationships if used properly‚ otherwise it can lead to increased inventory levels. Key factors for enabling JIT and VMI are common goals‚ management commitment‚ accurate information and suitable software systems. Suitable suppliers for JIT and VMI are companies that have equal dependency and/or have interdependency and are
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MACHINO PLASTICS LIMITED Corporate Information Board of Directors M. D. Jindal Sanjiivv Jindall Masayuki Kamiya A. K. Tomer (Representative of Maruti Suzuki India Ltd.) Content Chairman Managing Director Director Director Director Director Director Director Page No. 1 2 3-4 5-8 9-10 11-23 24 25 26-29 30 31 32 33-34 35-50 51 Corporate Information Notice of Annual General Meeting Notice Directors Report Management Analysis & Discussion Report Corporate Governance Report Code of Conduct
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year. Maruti SuzukiBSE -1.98 % and Hyundai‚ India’s largest carmakers by sales‚ led the drop to register their second successive monthly decline‚ even as Mahindra and Mahindra and French carmaker Renault bucked the general trend‚ helped generously by burgeoning demand for their SUVs in February. However‚ with the government raising excise duty on SUVs to 30 per cent from 27 per cent in the Budget‚ the rise in SUV sales may be difficult to sustain. The largest carmakers - Maruti Suzuki‚ Hyundai and
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The similarities and differences between the major marketing and major logistics objectives. Although marketing and logistics can be classified as two totally different subjects in the University‚ there are a lot of similarities‚ and undoubtedly‚ some critical differences. In this article‚ I will begin by discussing the similarities and differences between major marketing and logistics objectives‚ followed by some other discussion on warehousing and inventory management issues. First of all‚
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The JIT system works with flow shop‚ which uses specialized resources; in this case‚ the work follows a fixed path. While the MRP system uses job shop‚ which uses general purpose resources‚ it is highly flexible. Between the MRP there are two kinds of differences‚ the usage and design differences. The MRP design profile points out that it has high production flexibility‚ there is a high degree of order tracking. This system needs high data accuracy and lots of computer use. As well there is high
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Short Case Flexibility helps JIT at L’Oréal L’Oréal cosmetics is now the world’s largest toiletries and cosmetics group‚ with a presence in over 140 different countries. In the UK‚ the 45 000 square metre purpose-built facility in mid-Wales produces 1300 product types in a spotlessly clean environment‚ which is akin to a pharmaceutical plant in terms of hygiene‚ safety and quality. The plant has 55 production lines and 45 different production processes‚ and the manufacturing systems employed
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OM 300 Final Exam Study Guide Chapter 4: Forecasting Forecasting Steps- 1. Determine the use of the forecast. 2. Select the items to be forecasted. 3. Determine the time horizon of the forecast. 4. Select the forecasting models. 5. Gather the data. 6. Make the forecast. 7. Validate and implement results. Forecasting Methods 1. Qualitative Method- Used when a situation is vague and little data exist. Used for new products and new technology. Involves intuition
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A specific‚ finite task to be accomplished. A problem with a known solution scheduled for completion. Projects are Unique and Non-routine activities Task: Set of activities comprising a Project Work Packages: Division of Tasks Work Units: Division of Work Packages Project Management: The science and art of achieving the Requirements within predetermined Time and Resource parameters. Project Management Activities: Planning-Objectives Resources Work Break-down Structure Organization Scheduling-
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Topics Covered |Class |Title |Concepts |Tools | |11. | |Components of Demand |Moving Average | | |Forecasting |What/when to forecast |Exponential Smoothing | | | |Time Series
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1.0 EXECUTIVE SUMMARY Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus‚ it is very essential to have proper control and management of inventories. The purpose of inventory management is to ensure availability of materials in sufficient quantity as and when required and also
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