PHYU ZIN AYE BBA 10/2 ADVANTAGES AND DISADVANTAGES OF JUST-IN-TIME (JIT) JIT is a production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand. In just in time manufacturing system inventories are reduced to the minimum and in some cases they are zero. JIT works in the three types of inventories: a) Raw materials: inventories provide insurance in case suppliers are late with deliveries. b) Work in process: inventories
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The Goal Essay 17 September 2011 Management Concepts in “The Goal” In the book “The Goal” there are very many examples that go along with basic management principles. One concept that is highlighted in the beginning of the book is crashing. Alex Rogo, one of UniCo’s plant managers, has to use additional funds to pay for overtime for employees. He also has to relax many of the plant work specifications by leaving many machines idle while everyone in the plant focuses on getting one order out
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This is the html version of the file http://www.me.utexas.edu/~jensen/ORMM/instruction/powerpoint/goal/goal1.ppt. Google automatically generates html versions of documents as we crawl the web. 8/27/04 Paul A. Jensen Operations Research Models and Methods Copyright 2004 - All rights reserved The Goal The Goal by Eliyahu M. Goldratt and Jeff Cox, North River Press, Inc., Second Revised Edition (1992). 2 Set the Stage * Alex Rogo, plant manager of the Bearington
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is less than or equal to 90. The constraint equation is y=6-0.4x. This is a maximum constraint. b) Flavor Additive is constrained to a maximum of 72 units per each production period. 12x + 6y is less than or equal to 72. The constraint equation is y=6-0.5x. This is a maximum constraint. c) Nutrient C is constrained to a maximum of 30 units per production period. 4x + 4y is less than or equal to 30. The constraint equation is y=7.5-1x. This is a maximum constraint. B) If the company produces a
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as unreliable if they continue to miss order deadline. The task ahead of them is to figure out what steps can taken to loosen the constraint in coating and sharpening. The best to solve the problem faced by Five Star Tools is to deploy the Goldratt five steps system to maximize profits. The first steps in solving the problem is to figure out what the constraints are. And in the case of Five Star Tools it is the availability of production resources. Second the company should try to produce Model
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Danny Patel The Goal: A Process of Ongoing Improvement is a work of fiction describing a very real thing, the process of manufacturing a product. This includes the engineering and production process, marketing, sales, and interaction with corporate and regional headquarters. The main character in the story is Alex Rogo. He is the plant manger of a UniCo division plant in Barrington. Readers are never fully introduced to what kind
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1. “The Goal” defines throughput as “the rate at which the system generates money through sales”. Our textbook defines it as “the total elapsed time from the start to the finish of a job or a customer being processed at one or more workcenters”. Inventory is defined by “The Goal” as “all the money that the system has invested in purchasing things which it intends to sell”. The textbook defines it as “a stock of materials used to satisfy customer demand or to support the production of services
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[22:02:48] simas: Goal 1 [22:02:51] simas: Goal 2 [22:02:55] simas: and Goal 3 [22:02:59] simas: :) by eli goldratt [22:03:13] simas: than [22:03:17] simas: The choice [22:03:20] simas: by the same author [22:03:25] simas: :) a bit much harder [22:03:26] simas: read [22:03:35] simas: actually not an easy [22:03:36] simas: way [22:03:43] simas: read [22:03:47] simas: not way [22:03:56] simas: but still interesting [22:04:15] simas: Funky business [22:04:21] simas: i think there are
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Discussion Questions (Week 6) THE GOAL Chap 1 – 15 1. Do you perceive that the people at the Bearington plant were like most manufacturing people in most companies? 2. Do you feel that the Bearington plant has the right equipment and technology to do the job? 3. What is the “Goal”? How is it related to the three performance measurements: NP, ROI & CF? Why does Alex need another set of measurement: Throughput, Inventory, OE? 4. How is "productivity" defined traditionally? How does Jonah define
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Chapter 7: Just-in-Time and Lean Systems Overview This chapter examines the core beliefs of just-in-time systems (JIT). The goal of reducing waste is important in JIT. JIT uses a pull system, which is different than the push system. The key elements of JIT are described. The critical role of TQM in JIT is explained. The role of the employees in JIT is explained. Finally, we gain an understanding of the impact of JIT on all functional areas within both service and manufacturing organizations
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