Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time. Concept Introduction: Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing. Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

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Question

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

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1) View the video Alton Bridge (12.16 mins, Ctrl + Click on the link), and please answer the following questions: https://meida.gaspar.mheducation.com/GASPARPlayer/play.html?id=24qHEm8aNZExFciJtZQbqli a) According to the video, what are the various steps involved in managing projects? b) What were the different phases of the Alton Bridge project? c) What are the two widely used scheduling techniques, and under what phase of the Alton Bridge project are they discussed? Note: As a rough guideline, please try to keep the written submission to a paragraph or so for each of the questions. 2) The following is a table of activities associated with a mining project at Lunar Industries, their durations, and what activities each must precede: Activity Duration (weeks) Precedes A (start) 1 B, C B 1 E C 4 F E 2 F F (end) 2 - The AOM project diagram is as given below: a) What is the critical path (list all activities in the…

1) View the video Alton Bridge (12.16 mins, Ctrl + Click on the link), and please answer the following questions: a) According to the video, what are the various steps involved in managing projects? b) What were the different phases of the Alton Bridge project? c) What are the two widely used scheduling techniques, and under what phase of the Alton Bridge project are they discussed? Note: As a rough guideline, please try to keep the written submission to a paragraph or so for each of the questions. 2) The following is a table of activities associated with a mining project at Lunar Industries, their durations, and what activities each must precede: Activity Duration (weeks) Precedes A (start) 1 B, C B 1 E C 4 F E 2 F F (end) 2 - The AOM project diagram is as given below:

Answer 2

Question

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

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Answer 3

Question

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

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Check out a sample textbook solution

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Answer 4

Question

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

Expert Solution & Answer

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Answer 5

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

Answer 6

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Answer 7

Chapter 8.6, Problem 40P

Summary Introduction

Interpretation:Explain the positive and negative points of ‘small lot sizes’ as applicable to just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Small lot sizes is a derivative of JIT because when the requirements are to be as per requirement, which shall be quite often to avoid holding any inventory. This translates to small lots where ‘small’ is an indicative word.

Answer 8

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Answer 9

Summary Introduction

Interpretation: Explain the contribution of ‘Integrated purchasing and inventory control’ to the success of just-in-time.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

Inventory control encompasses the management of inventories in all phases including purchasing. Since everything is required as and when and as much as is just required, the entire systems needs to run in a highly coordinated manner. Not only all the phases of the inventory are to be integrated with purchasing but also with finance and production planning. If this is not done, it might create more confusion than benefit.

Answer 10

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

Answer 11

Summary Introduction

Interpretation: Discuss the statement ‘Kanban information systems’ are very useful for just-in-time with the positive and negative aspects.

Concept Introduction:Just-in-time is one of the characteristics of the inventory and scheduling systems implying that every input resource is to be provided and every work is to be carried out in the required quantity just when it (the resource and/or the work) is required; neither earlier nor later than the requirement. This, as is obvious, tends to eliminate all inventory, double handling, storage etc. This is an essential concept in lean manufacturing.

It may not be absolutely correct to use the term ‘Kanban information systems’. It is more apt to say Kanban scheduling system whereby a formatted card called Kanban is used to supply material from a previous process to the next process. Kanban (meaning card) is filled up by the next process giving its requirements to the previous process.

Answer 12

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Answer 13

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Answer 15

Ch. 8.1 - Prob. 1P Ch. 8.1 - Prob. 2P Ch. 8.1 - Prob. 3P Ch. 8.1 - Prob. 4P Ch. 8.1 - Prob. 5P Ch. 8.1 - Prob. 6P Ch. 8.1 - Prob. 7P Ch. 8.1 - Prob. 8P Ch. 8.1 - Prob. 9P Ch. 8.2 - Prob. 10P

Solution Summary: The author explains the positive and negative points of'small lot sizes' as applicable to just-in-time.

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