November 2010‚ 6293–6313 Implementing just-in-time philosophy to reverse logistics systems: a review Hing Kai Chana*‚ Shizhao Yina and Felix T.S. Chanb b a Norwich Business School‚ University of East Anglia‚ Norwich‚ Norfolk‚ UK; Department of Industrial and Systems Engineering‚ Hong Kong Polytechnic University‚ Hung Hom‚ Hong Kong (Received 27 April 2009; final version received 30 July 2009) Just-in-time (JIT) and reverse logistics are two important philosophies. Coincidentally‚ both are
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and ban ("card" or "board")‚ kanban roughly translates to sign board or signal board. It is a manual system used for controlling the movement of parts and materials that responds to signals of the need (i.e.‚ demand) for delivery of parts or materials. This applies both to delivery to the factory and delivery to each workstation. It helps determine what to produce‚ when to produce it‚ and how much to produce. The result is the delivery of a steady stream of containers of parts throughout the
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gratitude that I thank my lecturer‚ Mr. Harish‚ for giving me the opportunity to write a report on a challenging subject like ‘Just-in-time in service industry’. I would also like to thank my parents for supporting me in the noble pursuit of knowledge. Special thanks to my beloved life partner who helped me in getting a lot of research material. I also express my thanks to the authors of the books which has helped me get a better outlook of the topic. I am also grateful to all those contributors
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Just-In-Time (JIT) Inventory for the Service Industry Just-In-Time (JIT): Just-in-time is an inventory strategy implemented to improve the return on investment of a business by reducing the carrying costs of in-process inventory. It emphasizes that production should create items that arrive when needed and neither earlier nor later. Quick communication of the consumption of old stock which triggers new stock to be ordered is key to JIT and inventory reduction. This saves warehouse space and costs
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Future of JIT If we really look internationally then we can very well judge that behind all MNC’s success there is a just a smart management which have used tactics like JIT‚ and now we can see the difference just note if you can recall any 1 Pakistani international brand? We all will answer no‚ and the main reason implementing policies like this will make us compete in international market. Mr. Sajid Ali‚ managing director BASF‚ says if we closely focus on JIT it basically eliminates some
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JIT benefits‚ as framed by Garrison and Noreen (2000)‚ include the bolster of working capital by reducing capital in inventories; the optimization of space for more productive works; the increase of productivity; and the reduction of defect rates. Similarly‚ Younies‚ Barhem‚ and Hsu (2007) found that: The implementation of JIT can provide many advantages to a company. The usage of JIT techniques can improve a company’s problem solving capabilities by exposing problems in the production process
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Case Analysis of the Implementation of JIT Inventory System Application in ABC Company and Its Output Report on the Case Analysis of the Implementation of JIT Inventory System Application in ABC Company and Its Output 1 Report on the Case Analysis of the Implementation of JIT Inventory System Application in ABC Company and Its Output Acknowledgement I am really thankful to Ms. Tanzina Haque‚ Associate Professor‚ Accounting & Information Systems‚ and University of Dhaka for the freedom
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According to Crosson and Needles the Just-In-Time (JIT) operating philosophy requires that “all resources—material‚ personnel‚ and facilities—be acquired and used only when they are need. Its objectives are to improve productivity and eliminate waste.” They go on to sate that this process allows funds to be reallocated according to the goals of the company’s business plan since they are no longer invested in inventory. This method helps retailers like Wal-Mart “assign more accurate costs to their products
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P T E R JIT and Lean Operations D ISC USSI ON Q U ESTI O NS 1. JIT is a philosophy of continuous and forced problem solving. It is a continuous program that replaces a series of “fad” programs. 2. A lean producer is a company that adopts a philosophy of minimizing waste‚ striving for perfection through continuous learning‚ creativity‚ and teamwork. 3. The Toyota Production System (TPS) has three core components: continuous improvement‚ respect for people‚ and standard work practices.
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Highlights Dell’s evolving Supply Chain practices and strategy and steps being taken by it to recapture its lost market leader position Case Study Keywords: Dell‚ Direct model‚ Supply Chain Management‚ Supply Chain Strategies‚ Build-to-order model‚ Inventory optimization‚ PC Manufacturing‚ Retail Distribution Channel‚ HP‚ Notebook
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