Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
bartleby

Concept explainers

Question
Book Icon
Chapter 8.6, Problem 40P
Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

Blurred answer
Students have asked these similar questions
1. Reduction of setup time is accomplished by O A. working with external vendors. B. reducing inventory. O C. converting internal setup time to external setup time D. implementing a kanban system O Mark for review (Will be highlighted on the review page) Next Question >>
A firm that needs fast response times got a proposal for a new system with far more storage than the requirements paper required. When the firm asked about the extra storage, the vendor said he was bidding for a set of the company's smallest disk drives. Why didn't the merchant just sell fewer disks?
Software integration means handling the physical data storage * True O False O O
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.