Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Choose companies or industries for which JIT would be totally inappropriate?
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- Identify the concerns of suppliers on a JIT environment when moving to supplier partnerships?arrow_forwardBenefits of Switching to JIT You have recently been hired as the management accountant forDelta Technologies Inc. The company produces a broad line of subassemblies that are used in theproduction of flat-screen TVs and other electronic equipment. Competitive pressures, principallyfrom abroad, have caused the company to reexamine its competitive strategy and associated management accounting and control systems. More to the point, the company feels a pressing need to adoptJIT manufacturing, to improve the quality of its outputs (in response to ever-increasing demands byconsumers of electronic products), and to better manage its cost structure.A year ago, Delta acquired, via a 5-year lease, new manufacturing equipment, the annual cost ofwhich is $500,000. To support the move to JIT, however, Delta would have to acquire new, computercontrolled manufacturing equipment, the leasing cost of which is estimated at $1 million per year for4 years. If the company were to break its existing lease…arrow_forwardIs there a hierarchy of importance for non-functional requirements? Explain why.《...》arrow_forward
- Select a company and identify two of their products that are supporting products for the production of a dependent demand based finished good. How can JIT, forecasting and SCM contribute to the production of your selected finished goods?arrow_forwardWhich of the following is a primary activity in the value chain? A. Receiving and handling of raw materials and other inputs B. Setting up Contractual arrangements with various suppliers C. Finding suitable vendors to supply raw materials D. Negotiating prices with vendors E. Investigating new designs.arrow_forwardWhat are Lean systems and why they are important for society? How can Lean Systems be applied to the real world?arrow_forward
- Diagnose the underlying causes of the difficulties that the JITD program was created to solve. What are the benefits of this program?arrow_forwardM3-evaluate how TPS has impacted on the success of Toyota Evaluate the impact that a manufacturing systems engineering has on successful manufacturing organisation like toyotaarrow_forward
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