The way JIT influences crop harvest and transportation times. Introduction: JIT is an acronym for “Just in Time”. The JIT philosophy was developed to reduce the inventory holding costs at various levels of the production chain. The materials are supplied to the process area, just when they are needed in a particular operation. Supplying the materials before they are actually needed, adds to inventory carrying costs. Additional inventory also may result in more space being occupied, extra handling, spoilage, and obsolescence.

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 5DQ

Summary Introduction

To determine: The way JIT influences crop harvest and transportation times.

Introduction:

JIT is an acronym for “Just in Time”. The JIT philosophy was developed to reduce the inventory holding costs at various levels of the production chain. The materials are supplied to the process area, just when they are needed in a particular operation. Supplying the materials before they are actually needed, adds to inventory carrying costs. Additional inventory also may result in more space being occupied, extra handling, spoilage, and obsolescence.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Hello, please make an excel of this. Show all the cells thanks The Heinrich Company manufactures two types of plastic hangerracks (Foldaways and Straightaways) especially suited for mountingnear clothes dryers. Because permanent press clothing must be hungon hangers immediately after removal from the dryer, these items havebeen especially popular. However, there is some concern that thePreppie movement (popularized by its own handbook) will extinguishpolyester clothing; Heinrich is terribly interested in doing the best withthe resources it has while its products are still in demand. The firsttype of hanger rack, the Foldaway, requires 10 ounces of plasticmaterial and 0.3 hours of labor. Plastic costs Heinrich 10 cents anounce; labor costs Heinrich $20 per hour. The second type of hangerrack, the Straightaway, requires 15 ounces of plastic and 0.175 hoursof labor. The prices of these resources are the same as those for theFoldaway. Under current market conditions, Heinrich can sell…

FORMATIVE ASSESSMENT 1 Read the article below and answer ALL the questions Pick n Pay reveals strategy to restore its business 27 May 2024 [100 MARKS] Following a disappointing full year performance for FY24, Pick n Pay CEO Sean Summers has unveiled the new board- approved six-point strategy to restore the Group's core Pick n Pay supermarket business to profitability. PHASED APPROACH IMPLEMENTATION Leverage strength of partnerships Leadership and people 2 Reset the store estate 3 Improve offer to drive sales 4 Optimise operating model Leverage strength of partnerships Recapitalisation Pick n Pay Prod FY26 FY27 Before Tax break-even FY25 Halve Group H2 FY24 H1 FY25 H2 FY25 H1 FY26 H2 FY26 HI FY27 H2 FY27 KEY IMPACT AND/OR TARGETED OUTCOMES Appointing the right people, in the optimal roles, to Directly and indirectly impact revenue growth drivers and 1 drive sales and realise margin improvement 5 enhances gross and operating margins 2 Expected notable associated savings/loss avoidance…

With an enormous amount of data stored in databases and data warehouses, it is increasinglyimportant to develop powerful tools for analysis of such data and mining interestingknowledge from it. Data mining is a process of inferring knowledge from such huge data. Themain problem related to the retrieval of information from the World Wide Web is theenormous number of unstructured documents and resources, i.e., the difficulty of locating andtracking appropriate sources. Your company is considering investing in a Human Resource Information System (HRIS).Briefly explain the strategies for justifying HRIS investments.