OPERATIONS MGMT - FIRST DAY
OPERATIONS MGMT - FIRST DAY
2018th Edition
ISBN: 9780135391242
Author: HEIZER
Publisher: PEARSON
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Chapter 16, Problem 6DQ
Summary Introduction

To determine: The three relations between JIT and quality.

Introduction: JIT is known as Just in time and is a popular approach which is widely in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

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Question 1a: What happens if there is a shortage in a component? What data is needed to assess the impact of this? Question 1b: Even if a firm experiences a supply disruption, it may not experience a shortage directly. Why?  Question 1c: Suppose TTR on your own = 12 weeks, and TTR to switch to an outside supplier = 9 weeks. How would the TTS compare to the Time to Recover (TTR)? Question 1d: What measures could be taken to prevent or mitigate impact of shortage of critical components?
Briefly discuss the characteristics of JIT system?
Question 1  Determine whether the following statements are true or false.    Statement T or F 1. JIT emphasizes continuous improvement, respect for people, and standard work practices   2. Different from JIT, Lean operations externally focused on the customer   3. Qualitative Methods are used when situation is vague and little data exist   4. Predict sales of existing products and services is called Demand forecasting   5. Forecasting is about predicting the future.
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