Question 2 Implementing Just-in-Time (JIT) Methodology: A Case Study of Efficient Waste Reduction Just-in-time (JIT) is a production strategy designed to reduce costs by minimising waste, particularly waste caused by excessive inventory and work-in-progress. This method focusses on producing and delivering goods only when they are needed, which helps streamline operations and improve efficiency. Originating from manufacturing practices, JIT aims to eliminate the seven types of waste, thereby optimising resource use and enhancing productivity. For this task, choose the same Malaysian-based manufacturing company as in Question 1 and create a comprehensive report detailing its adoption and implementation of the Just- in-Time (JIT) methodology. The report should explore how the company has applied JIT principles to reduce waste, improve operational efficiency, and maintain a lean inventory system. You are required to include the following information in your report: i. Explain the implementation of Just-in-Time (JIT) in your selected company in terms of purchasing and supplier development. ii. Describe the implementation of Just-in-Time (JIT) in your selected company in terms of layout and inventory.
Question 2 Implementing Just-in-Time (JIT) Methodology: A Case Study of Efficient Waste Reduction Just-in-time (JIT) is a production strategy designed to reduce costs by minimising waste, particularly waste caused by excessive inventory and work-in-progress. This method focusses on producing and delivering goods only when they are needed, which helps streamline operations and improve efficiency. Originating from manufacturing practices, JIT aims to eliminate the seven types of waste, thereby optimising resource use and enhancing productivity. For this task, choose the same Malaysian-based manufacturing company as in Question 1 and create a comprehensive report detailing its adoption and implementation of the Just- in-Time (JIT) methodology. The report should explore how the company has applied JIT principles to reduce waste, improve operational efficiency, and maintain a lean inventory system. You are required to include the following information in your report: i. Explain the implementation of Just-in-Time (JIT) in your selected company in terms of purchasing and supplier development. ii. Describe the implementation of Just-in-Time (JIT) in your selected company in terms of layout and inventory.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Transcribed Image Text:Question 2
Implementing Just-in-Time (JIT) Methodology: A Case Study of Efficient Waste Reduction
Just-in-time (JIT) is a production strategy designed to reduce costs by minimising waste,
particularly waste caused by excessive inventory and work-in-progress. This method
focusses on producing and delivering goods only when they are needed, which helps
streamline operations and improve efficiency. Originating from manufacturing practices, JIT
aims to eliminate the seven types of waste, thereby optimising resource use and enhancing
productivity.
For this task, choose the same Malaysian-based manufacturing company as in Question 1
and create a comprehensive report detailing its adoption and implementation of the Just-
in-Time (JIT) methodology. The report should explore how the company has applied JIT
principles to reduce waste, improve operational efficiency, and maintain a lean inventory
system.
You are required to include the following information in your report:
i.
Explain the implementation of Just-in-Time (JIT) in your selected company in terms
of purchasing and supplier development.
ii.
Describe the implementation of Just-in-Time (JIT) in your selected company in terms
of layout and inventory.
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