What are the main benefits of JIT/lean? Name a company using JIT/lean, and describe how JIT/lean contributes

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

See More Books

Question Posted: Dec 17, 2015 06:11 AM

See More Questions

What are the main benefits of CRM?
What are the main benefits of a lean system?
What are the main benefits of using a data dictionary?
Which model can be selected if user is involved in all the phases of Software Development Life Cycle?Prototyping Model a OWaterfall Model b OSpiral model cORapid Application Development Model . . d...
A 2.4156-g sample of PCl5 was placed in an empty 2.000- L flask and allowed to decompose to PCl3 and Cl2 at 250.0oC: PCl5(g) PCl3(g) + Cl2(g) At equilibrium the total pressure inside the flask was...
On January 1, 2011, Pat Company purchased 90% of the outstanding common stock of Solo Company for $236,000 cash. The balance sheet for Pat Company just before the acquisition of Solo Company stock,...
Use the following balance sheets and income statement to answer 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2013? 2. Assume that no additional...
Richardson Services Ltd. was formed on May 1, 2017. The following transactions took place during the first month. Transactions on May 1: 1. Shareholders invested 50,000 cash in exchange for ordinary...
35.On January 2, 2021, Gold Star Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $160,000 each, payable beginning January 2, 2021. Brick Co. agrees to guarantee the...
Prepare the journal entries of the following transactions. 1. On January 1, 20XX, BVD Corp. issued 3,500 shares of $50 par, 7% preferred stock for $275,000. 2. On January 1, 20XX, BVD Corp. also...
Explain briefly how a JIT/lean system differs from an MRP-based system.
Contrast the principles of the Shingo prize with the goals of JIT/lean given in Figure 15-1. Why cant a Shingo Prize winners production process be unbalanced and slow? Explain. Figure 15-1 Ultimate...
In exercise 1, the following estimated regression equation based on 10 observations was presented. y = 29.1270 + .5906x1 + .4980x2 a. Develop a point estimate of the mean value of y when x1 = 180 and...
Complete the exercises on the following website. Remember to type your answers in word or excel, screenshot, or phone pic as your work. The site does not save your answers. Upload your work on...
There are many management theories that are utilized in organizations. These theories were developed by scholars in the management discipline. One individual was responsible for identifying the major...
An increase in the price and a decrease of the quantity of Paclitaxel (an anti-cancer drug) could be caused by which of the following? Select one: O a. an increase in the number of people being...
At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Land Land improvements Buildings Equipment Automobiles and...
Assume that the following table represents the sales figures for the five largest firms in the industry. Compute the HHI for the industry (assuming the industry contains just these five firms). Sales...
Wesley Corp. stock is trading for $24 per share. Wesley has 24 million shares outstanding and a market debt-equity ratio of 0.44. Wesleys debt is zero-coupon debt with a 5-year maturity and a yield...
Explain why each of the following is either a private good or a public good: traffic lights, in line skates, a city park, a chicken salad sandwich, a tennis racket, national defense, a coastal...
The file or book that contains all of a companys accounts is called a. a journal. b. a general ledger. c. a balance sheet. d. none of the above.
The Federal Parcel Service wants to build a new distribution center in Charlotte, North Carolina. The center needs to be in the vicinity of uncongested Interstate-77 and Interstate-85 interchanges,...
The Federal Parcel Service wants to build a new distribution center in Charlotte, North Carolina. The center needs to be in the vicinity of uncongested Interstate-77 and Interstate-85 interchanges,...
The Burger Doodle restaurant chain uses a distribution center to prepare the food ingredients it provides its individual restaurants. The company is attempting to determine the location for a new...
ABC Insurance Company reported the following information on its accounting statements last year: What was ABC 's expense ratio last year
Calculate the current ratio and the quick ratio for the following partial financial statement for Tootsie Roll Note: Round your answers to the nearest hundredth
Required information Skip to question [ The following information applies to the questions displayed below. ] Golden Corporation's current year income statement, comparative balance sheets, and...

What are the main benefits of JIT/lean? Name a company using JIT/lean, and describe how JIT/lean contributes

Question:

Step by Step Answer:

The main benefits of JITlean can be discerned from the Resul...View the full answer

Operations Management

Students also viewed these Management Leadership questions