Dip Com (LM ) –SCM Tutorial 6 Text Book-Chapter Eight Discussion Questions 1. (1).Explain why lean production and Six Sigma are so important to successful supply chain management. Ans. Use of the term lean has begun to replace use of the term JIT‚ and is associated with the Toyota Production system. Lean is broader‚ although closely related to JIT‚ and describes a philosophy incorporating tools that seek to economically optimize time‚ human resources‚ assets‚ and productivity‚ while
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Introduction One of the most important things in a manufacturing company in order to obtain profit is to have a high level of quality and a minimum level of investment. This is the key that every company wanted to find during the years. In order to maintain a high position on the market and a competitive advantage‚ the implementation of a manufacturing strategy is very important. LITERATURE REVIEW The history of lean operations One of the first who found a solution in eliminating waste
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Supply chain managers outsource logistics to meet three goals: Drive down inventory investment‚ lower delivery costs‚ and improve delivery reliability and speed. What is transferring a firm’s activities that have traditionally been internal to external suppliers? Outsourcing A supply chain ends with A satisfied customer The advantage of having few suppliers is to Form a long-term relationship Which negotiation strategy bases price on a published‚ auction‚ or index price? Market-based price
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TOYOTA PRODUCTION SYSTEM Lean manufacturing or lean production‚ often simply "lean"‚ is a systemic method for the elimination of waste ("Muda") within a manufacturing process. Lean also takes into account waste created through overburden ("Muri") and waste created through unevenness in workloads ("Mura"). Working from the perspective of the client who consumes a product or service‚ "value" is any action or process that a customer would be willing to pay for. This Lean manufacturing is derived from
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Contents Lean and Six Sigma Current State Map Future State Map Implementation of Lean and Six Sigma A3 report References Lean and Six Sigma Lean Six Sigma is a modern day concept linkingtwo industrial best practices Lean and Six Sigma. By combining the two‚ Lean Six Sigma organizations are operating more efficiently. Looking at the recent developments Lean Six Sigma is emerging as the most prevalent business performance practice in the history of corporate improvement.But in the
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Implementmanoj bajpaiig GMI sakti kapoor Reduce Direct dandruff Manoj bajpaiidirect Cost james.truog@am.wackergroup.com 89th Annual Manoj bajpaiiternational Supply Management Conference‚ April 2004 Abstract. Sehwag (GMI) sala a lean strategy manoj bajpaii which the amitabh bachan supplier sala sakti kapoortally responsible for effective supply. A successful implementation requires plannmanoj bajpaiig dandruff manoj bajpaiitegration between the amitabh bachan manufacturer dandruff the amitabh bachan
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automakers quality standards can only help DENSO grow its foreign sales and make it less dependent on Toyota. 3. Why does it make a difference whether DENSO uses kanban or MRP? It matters because DENSO‚ if it can use MRP‚ can accommodate not only Toyota‚ but many other companies who require many different parts. If they only use kanban‚ they limit their potential and lose improvements they can make in efficiency and cost saving measures.
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Toyota uses several manufacturing techniques and processes to help ensure a proper product that is inspected at every level. By doing this they eliminate any errors or mistakes that can jeopardize the quality or the prestige of a company such as Toyota. Following are some of the tools and terms Toyota uses in the Toyota Production Systems (TPS). Andon is a Japanese term that refers to the warning lights throughout the assembly line that display the current production status. It is a jidoka
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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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EXECUTIVE SUMMARY It is very important that successful enterprises need efficient stock control management. In reality‚ we usually use many stock control models such as the Economic Order Quantity model (EOQ) and Just-In-Time model (JIT). Efficiency gains in inventory management can bring significant improvement to overall company financial performance. In this report‚ rationale of the two models‚ effectiveness of the two models in practice‚ and use JIT system in McDonald company will be presented
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