ANNOTATED BIBLIOGRPAHY JIT Annotated Bibliography Jessica Adkins Liberty University February 21, 2016 References ANNOTATED BIBLIOGRPAHY JIT 1. McLachlin, R., & Piper, C. (1990). Just in Time Production. Business Quarterly , 55, 36-41. http://p2048-www.liberty.edu.ezproxy.liberty.edu:2048/login? url=http://search.proquest.com.ezproxy.liberty.edu:2048/docview/59550255? accountid=12085 This article was about JIT companies in Quebec and Ontario who has began implementing JIT systems in the companies. The article does a good job of explaining how these companies have benefited from the JIT manufacturing system but it fails to explain how they came to the decision to use this system. The article fails to explain the meaning of just in time and how to implement it. This article was a good fit for my research due to the fact that it mentions how the Japanese have impacted the JIT Production industry. The author does a good job of explaining how JIT systems can change the entire manufacturing environment. 2. Peterson, P. B. (2002). The misplaced origin of just-in time production methods. Management Decision , 40 (1), 82-88. http://dx.doi.org.ezproxy.liberty.edu:2048/10.1108/00251740210413398 This article does a great job of giving an in-depth detail of the origin of Just in time production. The author has done extensive research into Japanese JIT production methods. The article breaks down each section of JIT and explains how the Japanese have shaped an entire production movement. Employee satisfactions all the way to the basic concept of Japanese JIT manufacturing are included in this article. Peterson has given an immense amount of information that makes the JIT system in Japan more understandable to others. 3. The Foundations of Rapid Economic Growth: The Case of the Four Tigers http://onlinelibrary.wiley.com.ezproxy.liberty.edu:2048/journal/10.1111/%28ISSN%2915367150/issues This journal article explains what the four tigers are. It explains how they have become a legend in the economic growth department. This article shows the actual GDP of each of the four tigers ANNOTATED BIBLIOGRPAHY JIT throughout the last 25 years. Gulati explains how colonialism contributed to a higher growth rate for Korea and Taiwan. The article also gives an in-depth explanation of the role the state plays in each nation and how they work together to move the economy where they agree it should go. Galati deciphers the political factors that push this export-fueled strategy. The main idea is that these nations look after their own economy first without worries of other countries issues. They have built an economy that feeds off countries like the United States depending on the exports offered by East Asia. 4. Charlie Charoenwong, C. N. (2013). Implications of Downside Beta: Empirical Evidence of Four Asian Tigers. USA Business Review-China , 12 (3), 1-14. http://p2048-www.liberty.edu.ezproxy.liberty.edu:2048/login? url=http://search.proquest.com.ezproxy.liberty.edu:2048/docview/1466546771?accountid=12085 This article explains what and who the Four Tigers are. It also explains what they are known for. This article is explaining how using beta as a measure of systematic risk is not always the appropriate measurement. This article is giving you more of a stock return or financial look into the four tigers rather than what factors have allowed these nations to have such success. The stock return and financial success benefits of the four tigers have caused other countries to seek out these tigers in order to benefit from the purchasing power of the growing economies. 5. Cronin, M. J. (1990). Execs Explore Investments With Asia's Four Tigers. San Diego Business Journal , 11 (37), 19. http://p2048-www.liberty.edu.ezproxy.liberty.edu:2048/login? url=http://search.proquest.com.ezproxy.liberty.edu:2048/docview/226925628?accountid=12085 This article does a great job of explaining the definition of the Four Tigers, but fails to explain the significance of the economic growth. This journal article is focusing on how executives specifically in San Diego are trying to attract the nations of the four tigers to the area. This article explains why ANNOTATED BIBLIOGRPAHY JIT the Four Tigers are drawn to California and why this state is a hot spot for Eastern nations to invest. This article helps drive the point home that other business in foreign countries are actively seeking out the four tigers for financial gain. This financial gain can be seen in many facets of business whether it is retail or even real estate. This article gives a great definition and investment opportunities for Hong Kong, Singapore, Taiwan, and South Korea. 6. Ho-Beng Chia, C. P.-H.-H.-L. (2007, 02). Four Tigers and the dragon: Values differences, similarities, and consensus. Asia Pacific Management , 305-320. http://download.springer.com/static/pdf/647/art%3A10.1007%2Fs10490-006-9033-0.pdf? auth66=1416020330_147eee944cff580eccf6d3336b291ab6&ext=.pdf This article explains how the economic and political factors of the four tigers affect the values of managers in these nations. The article explains how society and cultural tradition changes effected business management. The manager in a Japanese setting has specific roles that he or she must follow. Chia makes it a point to explain how the manager roles are affected by political factors. The article explains how economic and political factors in these countries affect employees directly. The article focused mostly on the effects the extreme growth rates have on the organizational cultures within a business. 7. Investopedia. (2014, 08 12). Four Asian Tigers. Retrieved 11 08, 2014, from Investopedia: http://www.investopedia.com/terms/f/four-asian-tigers.asp http://www.investopedia.com/terms/f/four-asian-tigers.asp This was not as much an article; it was more of an elaborated definition of the Four Asian Tigers. This article gave the definition or explanation of the four tigers and a brief explanation. This author easily explained what makes the four Asian tigers infamous. The article explains each country and ANNOTATED BIBLIOGRPAHY JIT how these countries have became the global power they are today. The author breaks down four tigers so that someone who knows nothing about the four tigers can understand it. 8. Gale. (2009). Opportunity Cost. Encyclopedia of Management , 6th ed, 645-646. http://go.galegroup.com.ezproxy.liberty.edu:2048/ps/retrieve.do? inPS=true&prodId=GVRL&userGroupName=vic_liberty&docId=GALE| CX3273100210&contentSegment=&navContext=none The article clearly defines an opportunity costs as the value of a lost activity or alternative when a substitute item or activity is chosen in its place. [ CITATION Gal09 \\l 1033 ]. Opportunity Costs come about when a decision needs to be made between two or more options. The choices between many options can cause opportunity costs to be important in many aspects of business. Decision makers often overlook Opportunity costs. These costs are overlooked because they are not always monetary. The article explains that a student who is deciding to go to college will often calculate the amount of money they need to pay tuition, buy books, and pay for housing. They do not consider the hidden costs of going to college such as the value of a job with 4 years experience that is not taken to go to college, the value of the activities the student will miss while attending classes and studying, and the money that could have been made while working full time for four years instead of going to college. The opportunity costs often have a high value without any specified monetary value given to them. ANNOTATED BIBLIOGRPAHY JIT JUST IN TIME SYSTEM 1 Just in Time Inventory System-Abstract Jessica Adkins Liberty University February 14, 2016 JUST IN TIME SYSTEM 2 Abstract Just in time (JIT) manufacturing is a philosophy used by a firm who is looking to eliminate waste, lower manufacturing costs, and increase quality control by constantly improving products and processes. JIT is a method that is used by firms all over the world. Firms who are seeking out the Just in time method of manufacturing need the commitment of the entire firm, the right materials at the right time, dependable supplier relationships, high quality control, and skilled personnel in place before implementing this method. The JIT method is designed to have minimal performance fluctuations and provide the firm with minimal high and low days of production. Standard inventory methods are full of high and low production days that demonstrate high costs to the firm by inventory being held, items being back ordered, overtime, idle labor time, and material waste. Also firms who use the JIT method have little to no inventory in stock. The JIT method is designed to produce the exact amount of product that is needed at the exact time the customer needs the product. JUST IN TIME OUTLINE 1 Just In Time Inventory Management Strategy Jessica Adkins January 31, 2016 Liberty University JUST IN TIME OUTLINE I. II. III. IV. Introduction a. Importance of Just in Time b. Overview i. Definition ii. Origin History a. Japanese Practices b. Movement to the United States c. Changes over the Years d. Current Practices Objectives a. Methods Used for Implementation b. Set Up Time c. Labor Cost Reduction d. Increase Production e. Innovation Conclusion a. Summary of how all objectives work together to create a successful system b. Strengths c. Weaknesses d. Reccomendations 2