Explain briefly how a JIT/lean system differs from an MRP-based system.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
MRP relies on acomputerbased componentscheduling system using daily or we...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
Question Posted:
Students also viewed these Management Leadership questions
-
Orca Industries is considering the purchase of Shark Manufacturing. Shark is currently a supplier for Orca and the acquisition would allow Orca to better control its material supply. The current cash...
-
(a) Find each sum. 1 + 2 + 3 + 4 + 5 = ? 1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 = ? 1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 = ? (b) Use the formula below for the sum of the first n natural numbers to verify...
-
ADK Delivery is a small company that transports business packages between San Francisco and Los Angeles. It operates a fleet of small vans that moves packages to and from a central depot within each...
-
Explain briefly how a JIT/lean system differs from an MRP-based system.
-
Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed funds was invested in a new building addition as well as in equipment...
-
The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with electronic trades handled by discount brokers. As part of the survey,...
-
What is value stream mapping and why is it important?
-
What are the main benefits of JIT/lean? Name a company using JIT/lean, and describe how JIT/lean contributes to the company *s competitive advantage.
-
2. Why is it important for business records to be separate from the records of the businesss owner or owners? What is the term accountants use to describe this separation of personal and business...
-
Q9: Use the Quine-McCluskey method and generate the minimized function, given the following prime implicants. Prime Variables 0 1 2 3 5 13 15 Implicants (0.2) (13, 15) (1.3, 9, 11) (1, 3, 5, 7) ABCD...
-
As of July 2009, Google (ticker: GOOG) had no debt. Suppose the firm were to issue $96 billion in zero-coupon senior debt, and another $32 billion in zero-coupon junior debt, both due in January...
-
5.8 LAB: Structuring data using scale() and MinMaxScaler() The hmeq_small dataset contains information on 5960 home equity loans, including 7 features on the characteristics of the loan. Load the...
-
please answer all parts EA 19. LO 3.5 A business has the following transactions: - The business is started by receiving cash from an investor in exchange for common stock $20,000 - The business...
-
1 Little's Law 2 3 4 5 6 7 8 9 10 11 12 13 14 15 5675 16 17 18 A Throughput (per hour) Flow time (in minutes) Flow time (in hours) Work-in-process (WIP) Flow time (in month) Work-in-process (WIP)...
-
For = 0.2 s1, produce computer plots like those shown in Figure 3-15 for a sinusoidal driven, damped oscillator where xp(t), xc(t), and the sum x(t) are shown . Let k = 1kg/s2 and m = 1kg. Do this...
-
Explain the operation of the dividends received deduction.
-
Dennison Manufacturing makes large helical springs used in aircraft landing gear. The company has narrowed its potential choices for its new manufacturing facility to four cities. The following...
-
The Thor International Company operates four factories that ship products to five warehouses. The shipping costs, requirements, and capacities are shown in Figure. Use the transportation method to...
-
The Thor International Company operates four factories that ship products to five warehouses. The shipping costs, requirements, and capacities are shown in Figure. Use the transportation method to...
-
Pharoah Company purchased 6-year, 6% bonds that pay interest semiannually. The bonds are sold to yield 4%. One step in calculating the issue price of the bonds is to multiply the principal by the...
-
The articles of incorporation allow for the issuance of 100,000 shares of common stock. The company issued 40,000 shares of common stock and repurchased 5,000 shares. What is the number of shares...
-
Andretti Company has a single product called a Dak. The company normally produces and sells 83,000 Daks each year at a selling price of $62 per unit. The company's unit costs at this level of...
Study smarter with the SolutionInn App