INVENTORY SUB SYSTEM A PROPOSED STUDY ON THE COMPUTERIZATION OF VISHAY INVENTORY SYSTEM In Partial Fulfillment of the Requirements of the course Of Bachelors of Information Technology Proposed by: Rhyan Fer M. Leyte Rowell D. Codizal John Dominic Y. Bentulan Ivan F. Porteza Jayson S. Palomo Rangee E. Gaer July 13‚ 2013 1.1 BACKGROUND OF THE STUDY Vishay Intertechnology was founded in 1962 by Dr. Felix Zandman. It began operations with a patented technology
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LEAN OPERATIONS & JIT Lean Operations – moving towards the elimination of all waste in order to develop an operation that is faster more dependable‚ produces higher quality products and services and operates at a low cost. In general‚ Lean can be viewed as a philosophy of operations management‚ i.e. it gives a clear view which can be used to uide the way operations are managed in many different contexts. Several techniques are used to support this philosophy. (JIT techniques) The Lean approach
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Economic Order Quantity vs. Just-in-time Inventory Models Bettina Bradshaw Susan Day Tameka S. Levy Accounting April 20‚ 2011 There are several models that have been developed to deal with the trade-off between ordering and carrying costs of inventory. The two that will be discussed is the Economic Order Quantity (EOQ) model and the Just-in-time (JIT) model. First‚ the history and definition of the theories will be discussed. Secondly‚ there will be a comparison of these two models presented
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Improving CVS Pharmacy’s Inventory System Submitted to: Table of Contents Page 1. Executive Summary---------------------------------------------------3 2. Discussion I. Define-------------------------------------------------------------------4 II. Measure----------------------------------------------------------------5 III. Analyze-----------------------------------------------------------------7 IV. Improve----------------------------------------------------------------9
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Club opened in Midwest City‚ Oklahoma. Wal-Mart replaced cash registers with computerized point-of-sale systems‚ enabling fast and accurate checkout. 1984 Sam Walton did the hula on Wall Street‚ making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year. 1987 The company installed the largest private satellite communication system in the U.S.‚ linking the company’s operations through voice‚ data and video communication. 1988 The
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Case Study – JIT Failure at Sony Ericsson Once one of the world’s leading cell-phone manufacturers‚ Ericsson knows only too well how painful a disruption in the supply chain can be. It is a story that has become something of a legend in supplychain circles. In March 2000‚ a lightning bolt struck a Philips Electronics semiconductor plant in Albuquerque‚ N.M.‚ triggering a small fire in a chip-processing machine that took the plant offline for months. Although the plant was Ericsson’s sole supplier
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Running Head: Summer and Winter Inventory Systems SUMMER AND WINTER INVENTORY SYSTEMS Grant H. Yarbrough‚ Darnetta Brown‚ Joel Jones‚ Zehra Ozezer‚ Angela Young QRB/501 March 6‚ 2011 Jeffrey Greene Running Head: Summer and Winter Inventory Systems Inventory systems are the methods by which businesses keep track of their stocks‚ goods‚ and services. Through these systems‚ managers are able to determine shortages in their goods and put in orders to replace those that have
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(Just In Time) Inventory Management? It’s an strategy that is aimed at monitoring the inventory process in such a manner as to minimize the costs associated with inventory control and maintenance. Just-in-time inventory process relies on the efficient monitoring of the usage of materials in the production of goods and ordering replacement goods that arrive shortly before they are needed. This simple strategy helps to prevent incurring the costs associated with carrying large inventories of raw materials
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SOFTWARE ENGINEERING PROJECT PROPOSAL on “Departmental Store’s Inventory Management System” 1. Introduction In Departmental Store’s Inventory Management System we keep track of objects or materials of the store. Properly managing inventory is essential to the success of every dealership. Inventory Management system provides information to efficiently manage the flow of materials‚ effectively utilize people and equipment‚ coordinate internal activities and communicate with customers. In the
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Toyotas JIT Revolution 1. The JIT production system was one of the most significant production management approaches of the post WWII era. Discuss in detail‚ the concept of the JIT and its advantages. The implementation of the JIT (Just in Time) system implemented by Toyota‚ is to make the production process more effective in time and costs. The strongest point of the JIT system is to eliminate inventory‚ to reduce the transportation in between production places. "Just-in-Time" means making
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