Question: Explain the need for JIT techniques in the two video clips. Why are faster response times important in a JIT system?

Explain the need for JIT techniques in the two video clips. Why are faster response times important in a JIT system?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The justintime JIT inventory system is a management strategy that aligns raw... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Explain the need for the QFD team to be cross-functional.

Q:

Explain the need for customer knowledge, following clients, and following rivals in the FDI decision.

Q:

Explain the need for automobile seat belts in terms of Newton's first law.

Q:

After you have studied Economics in the News on pp. 478479, answer the following questions. a. How is the demand for self-employed Uber drivers determined? b. How is the demand for regular...

Q:

One may think it strange for a Japanese computer giant and a German engineering giant to form a successful and cooperative relationship through a joint venture, but that is just what Siemens and...

Q:

1. Why is it important to establish both top-down (i.e., provided by top management) and bottom-up (provided by operating units) estimates of synergy? 2. How did ArcelorMittal attempt to bridge...

Q:

Calculate the residuals from the regression line in Question 11. Plot a histogram of the residuals (or create a normal probability plot of the residuals). In addition, create a residual versus order...

Q:

Louis Vuitton in Japan: The Magic Touch (Case #15, Notes) Overview Louis Vuitton is the most prestigious and successful luxury goods company in the world. Created in 1854 in Paris, it has never...

Q:

In January 2017, Microsoft Corporation issued $17 billion of bonds in seven parts, with maturities ranging from 2020 to 2057. The bond issue was rated Aaa by Moody's. Two of the bond offerings are...

Q:

Identify and explain the two main reasons why capital assets have to be amortized.

Q:

find the discounted payback period for the following project. the discount rate is 8% Project X Initial Outlay $8316 Year 1 $3465 Year 2 $3714 Year 3 $5681 Year 4 $6044

Q:

1. A source of yellow light ( = 570 nm) produces interference through two narrow slits separated by a distance of 0.01cm. A screen is placed 3m away. a. How far from the central max is the fifth...

Q:

You are revising your company's talent acquisition strategy to make it more competitive and appealing to potential candidates. Part of your strategy involves clearly presenting the compensation...

Q:

Inventory Land Book Value Fair Value $ 630,000 $ 600,000 750,000 990,000 1,700,000 2,000,000 Buildings Customer relationships Accounts payable 0 (80,000) Common stock (2,000,000) Additional paid-in...

Q:

The standard Treasury Bond futures contract has a face value of $100,000, at least 15 years to maturity and a coupon of 6%, payable semi-annually. The quoted price of the futures contract is based on...

Q:

15. What option allows the scheduler to go in and look at the information "behind" the scheduled appointments? For example, date "appointment made", wait times, service connection, etc).

Q:

A parent company acquires all of he outstanding common stock of its subsidiary for cash purchase price of $300,000. On the acquisition date, the subsidiary reported $100,000 for Common Stock and...

Q:

Quadrilateral EFGH is a kite. Find mG. E H

Q:

At 400 hours of activity, Armer management can be approximately two-thirds confident that the maintenance costs will be in the range of a. $3,550.50 to $3,649.53 b. $3,551.37 to $3,648.51 c....

Q:

Suppose there are three passengers sharing a single cab ride and that passenger As usual fare to his destination would be $12, passenger Bs usual fare to her destination would be $18, and passenger...

Q:

If the end-of-period balance for cost of goods sold is $90,000 and underapplied overhead is $10,000, what is the ending balance in cost of goods sold, after adjusting for the underapplied overhead?

Q:

4.4 Describe aspects of cognitive development that seem to be universal and aspects that are culture specific.

Q:

2. smiling and laughter (being sociable);

Q:

4.2 Describe similarities and differences regarding temperament cross-culturally.