Week Four Case Study Quality Parts Company Anthony Decker Operations Management OSC301 University of Phoenix 6 December 2004 Week Four Case Study In the case study of the factitious company‚ Quality Parts Company (QPC)‚ QPC supplies gizmos for a computer manufacturer located a few miles away. Although the text states that QPC manufactures only two models of gizmo‚ it also states that manufacture for models X and Y start at machine 2‚ the lathe‚ while model Z requires milling at machine 1
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Chapter 4- Matching Supply and Demand * Lead time gap * What is it?- difference between the time it takes the actually procure‚ produce‚ and deliver the products and the time the customer is willing to wait * Customer and supplier viewpoint? * Customer- customer order cycle‚ amount of time available for order fulfillment * Supplier- * Traditionally how is it handled? * forecasting * Forecasting * Pitfalls- time uncertainty‚ carrying
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Inventory Systems Summary QRB/501 September 21st‚ 2010 Inventory Systems Summary Inventory systems are used in different companies today as a tool to make sure that the company strives into success. Inventory systems serve several functions for businesses; one purpose is promoting the sales function by ensuring that a sufficient amount of product is available for customers. Another purpose is shrinkage control that is monitoring the frequency of loss‚ theft‚ or breakage of products
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Contents 1. Introduction Most of the organizations in the sector of retails have invested a huge amount of money in inventories. Inventory management is considered very important for supermarkets due to the fact that it allows the replacement of a great variety of products at the right time and with low costs. As a consequence‚ organizations are focusing on controlling the capital in the activities involved in inventory management. Additionally‚ this field presents
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Definition: Just-in-Time (JIT) inventory management is the process of ordering and receiving inventory for production and customer sales only as it is needed and not before. This means that the company does not hold safety stock and operates with low inventory levels. This strategy helps companies lower their inventory carrying costs. Just-in-time inventory management is a cost-cutting inventory management strategy though it can lead to stock-outs. The goal of JIT is to improve return on investment
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Donna Dubinsky and Apple Computer Inc. Recommendations and Findings - The Ultimatum “…Star performers who have been rewarded for their individual contributions and have come to expect wide latitude in how they work‚ becoming a manager can be a mixed blessing.” These words aptly describe the career of Donna Dubinsky at Apple Computer. As you will find in this paper‚ Donna’s case highlights key issues in organizational strategic direction and hierarchical structure; it illustrates power and
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them‚h he said . An important part of the TPS is the Just-in-Time (JIT) inventory system‚ which all of Toyotafs manufacturing facilities are required to inculcate into their production lines. The JIT technique was actually first used by Henry Ford back in 1920s. However‚ it was adopted by Toyota in the 1950s and refined to an elevated level of efficiency‚ one that made it the worldfs leader in employing the JIT system. JIT is the principle of having parts ready just as when they are desired
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Homework Assignment Week 4: questions & problems Chapter 13 - Discussion Question # 3‚ page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future‚ often from 3 to 18 months ahead. Chapter 13 - Discussion Question # 5‚ page 539: List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? For manufacturers
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Case Study The Toyota Production System Operations Management II 2012-2013 Prof. J.M. Vilas-Boas Afonso Taira‚ nº 61793‚ GEB1 Diogo Bustorff-Silva‚ nº 54746‚ GEB1 Manuel Trincão de Oliveira‚ nº 54730‚ GEB1 Pedro Neves‚ nº 38415‚ GEB1 Afonso Taira‚ nº 61793‚ GEB1 Diogo Bustorff-Silva‚ nº 54746‚ GEB1 Manuel Trincão de Oliveira‚ nº 54730‚ GEB1 Pedro Neves‚ nº 38415‚ GEB1 Index * Introduction - The Automotive Industry History - The History of Toyota * Case Study
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primary focus is speed of output by waste elimination. Waste is anything that does not add value to the end product. Many industries aside from manufacturing are now adopting lean principles. Lean productions consists of techniques such as Just in time (JIT)‚ Critical path analysis (CPA)‚ Kaizen and Time management Kaizen is a system that concentrates on small‚ frequent‚ improvements in every aspect of the production process. The fact that Toyota wants to be the best of the best has had a massive influence
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