Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 16, 2024

Explain how JIT works in services. After all, how does small lot size and reduce setup cost make sense in services? Provide examples to support

Explain how JIT works in services.

After all, how does "small lot size" and "reduce setup cost" make sense in services?

Provide examples to support your work.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions

Question

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Answered: 1 week ago

Question

★★★★★

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★

(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...

Answered: 1 week ago

Question

★★★★★

Suppose you are a money manager of a $5 million investment fund. The fund is invested in four funds with the following investments and betas: Stock A B Shares 100,000 100,000 75,000 20,000 C D Price...

Answered: 1 week ago

Question

★★★★★

Refer to Data Set 6 in Appendix B and use the listed IQ scores. IQ tests are designed so that the mean IQ of the population is 100. Does the sample mean suggest that the sample is consistent with the...

Answered: 1 week ago

Question

★★★★★

Which of the following observations would provide evidence against the semistrong-form version of the efficient market theory? Explain. a. Mutual fund managers do not on average make superior...

Answered: 1 week ago

Question

★★★★★

Using the large sample confidence interval formula for the mean, compute a 99% confidence interval for the mean when (a) ???? = 121, ???? = 56.8, and ???? = 5.3. (b) ???? = 198, ???? = 1.25, and ????...

Answered: 1 week ago

Question

★★★★★

Hot water at 50C is routed from one building in which it is generated to an adjoining building in which it is used for space heating. Transfer between the buildings occurs in a steel pipe (k = 60 W...

Answered: 1 week ago

Question

★★★★★

Based on your training, as your assignment, I would like you to design a remote access control policy for Richman using the appropriate access controls for systems, applications, and data access....

Answered: 1 week ago

Question

★★★★★

Find the exact value of COS 0, given that sin 5 and tan Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Time left 1:11:34 Last season, Fairfield Farms sold strawberries as follows: 1501 boxes at $1.51 per pound in the early part of the season; 3598 boxes at $1.49 per pound at the height of the season;...

Answered: 1 week ago

Question

★★★★★

An object produced by some kind of machine turns out to be 10% defective. 10 items were taken randomly from the production for investigation. What is the probability that the object under...

Answered: 1 week ago

Question

★★★★★

According to Andy Challenger, senior vice president of outplacement firm ChallengerGray & Christmas, approximately how many job cuts haver companies attributed to Al since last May?

Answered: 1 week ago

Question

★★★★★

Use the Porter's five force model as a guide for the oncology industry. Firm level impact may include new business model, a shift in strategic positioning and changes in organizational structure,...

Answered: 1 week ago

Question

★★★★★

Xiaomi In 2010, Lei Jun founded Xiaomi, an electronics company based in Beijing, China. The electronics company started as software and created MIUI ROM based on Google's Android. The idea behind...

Answered: 1 week ago

Question

★★★★★

Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.80 per gram. Budgeted production...

Answered: 1 week ago

Question

★★★★★

Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]

Answered: 1 week ago

Question

★★★★★

13.69 Horseshoe crabs and width A study of horseshoe crabs found a logistic regression equation for predicting the probability that a female crab had a male partner nesting nearby by using x = width...

Answered: 1 week ago

Question

★★★★★

13.67 GDP, CO2, and Internet Consider predicting the per capita GDP (gross domestic product, in thousands of dollars), of a country, using x1 = carbon dioxide emissions per capita (in metric tons)...

Answered: 1 week ago

Question

★★★★★

13.63 Violent crime A MINITAB printout is provided from fitting the multiple regression model to U.S. crime data for the 50 states (excluding Washington, D.C.) on y = violent crime rate, x1 = poverty...

Answered: 1 week ago

Previous Question Next Question