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Describe the core elements of a just-in-time (JIT) system Describe the JIT philosophy Explain the benefits of a JIT system Describe the relationship between JIT

  • Describe the core elements of a just-in-time (JIT) system
  • Describe the JIT philosophy
  • Explain the benefits of a JIT system
  • Describe the relationship between JIT and lean systems
  • Explain the differences between "push" and "pull" production systems
  • Explain how JIT manufacturing works and its key elements
  • How does JIT fit within Operations management?
  • Describe constraints management: internal resources, market, and policy constraints

  • Describe components of a supply chain
  • Describe the concepts of insourcing or outsourcing and provide examples of when an organization should use each
  • Explain the difference between vertical and horizontal integration
  • Explain the concepts of backward and forward integration
  • Describe how an organization implement supply chain management
  • Describe the supply chain management metrics

  • Describe how inventory management differs for manufacturing, retail, and service industries.
  • Identify the objectives of inventory management
  • Describe methods used to verify inventory (cycle and periodic counting)
  • Describe the process of developing an aggregate plan
  • Analyze the effectiveness of an existing aggregate plan (See marketing plan in the e-Text)
  • Describe the two groups of options an organization can use when formulating an aggregate plan
  • Describe the appropriate aggregate planning strategy for a given situation (Level, Chase & Hybrid)
  • Describe the benefits and costs of enterprise resource planning (ERP) systems.
  • Explain the different types of demand (Dependent and Independent)
  • What are the objectives of materials requirement planning (MRP)?
  • What is the role of capacity requirements planning (CRP)?
  • What are the phases in the project life-cycle and their description?

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