Just-in-Time is an inventory management philosophy that aims to reduce inventories by implementing systems and processes to supply a product or service exactly when it is needed‚ and how it is needed in the production process. The concept of JIT is widely accepted today by many American manufacturing companies‚ and it is a means of controlling costs through striving to maintain lean inventories—in fact‚ the concept of JIT was introduced in the early 1980’s to the U.S. as a concept know as “zero
Premium Inventory Manufacturing
LEAN AND CLEAN VALUE STREAM MAPPING Value stream mapping is a Lean process-mapping method for understanding the sequence of activities used to produce a product. During the Green Suppliers Network technical review‚ you will use value stream mapping to identify sources of non-value added time or materials; identify opportunities to increase efficiency; and develop a plan for implementing improvements. Value stream maps serve as a critical tool during the review process and can reveal substantial
Premium Waste Value stream mapping Hazardous waste
STUDY GUIDE Forecasting- Who needs Forecast? Accounting‚ Finance‚ Operations‚ Human Resources‚ and Marketing Elements of a good Forecast: -Timely and allowing for the system to respond to the forecast. Sould cover a span of time that allows actions to be taken to meet the forecast. -Should be accurate (no forecast id 100% accurate). Should be reliable and used so that actual sales will not depart radically from the forecast. -Expressed in meaningful terms such as dollars‚ production planners
Premium Supply chain management Supply chain
the same seat and the challenge lied in its installation. The Total Vehicle Order for the month was shared with the supplier – KFS just one week before the Production Schedule. The supplier-KFS also depended on the information coming through Kanban card which triggered part production. KFS was unable to show 100% efficiency in terms of mapping the right kind of part with the right design. Recommendations: Training KFS team on Kaizen concept which would help them to eliminate waste and
Premium Lean manufacturing Manufacturing Toyota
Fail-safe – Poka yoke Toyota production system: Taiichi Ohno Elimination of waste Respect for people COMMWIP: Correction‚ overproduction‚ motion‚ material movement‚ waiting‚ inventory‚ processing. Sort‚ Simplify‚ Sweep‚ Standardize‚ Sustain Kanban: signaling device to control flow of material Cards‚ Empty containers‚ lights‚ Colored golf balls. Muda‚ an activity that is wasteful and doesn’t add value or is unproductive Andon‚ a system to notify management‚ maintenance‚ and other workers
Premium Toyota Production System Lean manufacturing Shigeo Shingo
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
Premium Forecasting Moving average Time series
elimination of waste. As waste is eliminated quality improves while production time and cost are reduced. Tools * SMED * Value Stream Mapping * Five S‚ Kanban (pull systems) * Poka-yoke (error-proofing) * Total Productive Maintenance * Elimination of time batching * Mixed model processing * Rank Order Clustering * Single point scheduling * Redesigning working cells *
Premium Lean manufacturing Toyota Production System
DHL Logbook - in cooperation with Technical University Darmstadt Historical development of logistics The great logistics success story Logistics has been playing a fundamental role in global development for almost 5‚000 years now. Since the construction of the pyramids in ancient Egypt‚ logistics has made remarkable strides. Time and again‚ brilliant logistics solutions have formed the basis for the transition to a new historical and economic era. Examples of this fundamental progress include
Premium Logistics Supply chain management Management
1.Inventory management is the planning and controlling of inventories in order to meet the competitive priorities of the organization.(Points : 2) | True False | 2. Supply chain integration is the effective coordination of supply chain processes through the seamless flow of information to suppliers‚ but does not include customers‚ such as distributors and retailers. (Points : 2) | True False | 3.Sustainability has three principle elements; financial responsibility
Premium Inventory Supply chain management Supply chain
CROCS: REVOLUTIONIZING AN INDUSTRY’S SUPPLY CHAIN FOR COMPETITIVE ADVANTAGE BHOOSHAN PARIKH CBS FTMBA 2008-09 OPERATIONS MANAGEMENT TERM PAPER 3/16/2009 Case Study This paper analyses and discusses the supply chain process of Crocs Inc. in a competitive and dynamic footwear industry. The paper critically evaluates the existing supply chain of the company against its current performance and changing market conditions and explains reasons for loss of competitive advantage of the company
Premium Supply chain management Supply chain