Supply chain

Question (4) [4 marks) Just-In-Tine is a methodology aimed primarily at reducing times within the production system as well as reaponse times from auppliers and customen. Sevens tools and approsches are ased to achieve this methodology. Among these approaches are Single-Minute Exchange of Dies (SMRD) and providing the connecting link for the fundamental building blocks. a. Describe the Single-Minute Exchange of Dies tool and what are its implementation steps b. What are the building blocks for the JIT system? Explain how these areas can be used to achieve the JIT goals