The Just in Time (JIT) or Lean philosophy of production is used by many companies and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The "Just in Time" (JIT) or Lean philosophy of production is used by many companies and was also used by the Wellrun Ltd Company during your JIT workshop. Using examples or sketches where appropriate, answer the following: Explain when a company would use the JIT production system (5.3 marks) Explain at least 4 of the key elements of JIT e.g. Kanban, Pull system, role of people etc. (12 marks) (1) (ii) The "Just in Time" (JIT) or Lean philosophy of production is used by many companies and was also used by the Wellrun Ltd Company during your JIT workshop. Using examples or sketches where appropriate, answer the following: Explain when a company would use the JIT production system (5.3 marks) Explain at least 4 of the key elements of JIT e.g. Kanban, Pull system, role of people etc. (12 marks) (1) (ii)
Expert Answer:
Answer rating: 100% (QA)
i Justintime JIT manufacturing also known as justintime production or the Toyota Production System T... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
Students also viewed these accounting questions
-
Assume Converse, a Nike company, plans to expand its manufacturing capacity to allow up to 48,000 pairs of a new shoe product each year. Because only one product can be produced, management is...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
As mentioned in the case, the joint venture between Renault and Mahindra & Mahindra (India) dissolved/failed. Speculate what are the possible socio-cultural issues that triggered this dissolution.
-
The Delaware River Joint Toll Bridge Commission increased the toll from $0.50 to $1.00 on the bridges on Route 22 and Interstate 78 from New Jersey to Pennsylvania. Use the information in the...
-
The adjusted trial balance of Ivanhoe Company appears below. IVANHOE COMPANY Adjusted Trial Balance December 31, 2022 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment...
-
Requirements: 1. Compute Vision Equipments (a) quick ratio and (b) accounts receivable turnover for 2010. 2. Evaluate each ratio value as strong or weak. Assume Vision Equipment sells on terms of net...
-
After operating for several months, architect Mark Meecham completed the following transactions during the latter part of January: Journalize the transactions of Mark Meecham, Architect. Include an...
-
Lab and supervision activities - Albert estimates that these activities are split 60% Chardonnay-Estate, 25% regular Chardonnay, and 15% Blanc de Blanc. Other production activities and costs not...
-
A month has elapsed since Precision Computer Centres year-end. Tony Freedman will use four specialized journals for recording business transactions in the month of Septembertwo in this chapter, and...
-
Vo F E x = Vy = VO Vf = A series of widely spaced charged particles characterized by q = 1.6 x 10-19 C with mass mp 1.6 x 10-27 kg travel with an initial velocity vo 2.0 ms 1. In the absence of an...
-
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company s products is increasing, and management requests assistance from you in determining an economical sales...
-
jemila recently finished her studies at Academic World CC . Although jemila passed her Corporate Law module she is still uncertain what type of business entity Academic World CC actually is . Jemila...
-
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date...
-
How does organizational culture affect innovation? Are there any guidelines we can develop and implement in organizations that will enhance our innovation capabilities? Include examples.
-
Solomon Bank's startup division establishes new branch banks. Each branch opens with three tellers. Total teller cost per branch is $ 1 0 0 , 0 0 0 per year. The three tellers combined can process up...
-
Cable BC is used to support rod AB. The tension in the cable is 60 lb. Determine: a. The angle between the cable and rod. (deg.) b. The component of the tension in the cable acting perpendicular to...
-
Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.
-
Lets be more practical. DCF is not the only gospel. Many managers have become too absorbed with DCF. Can such a statement be justified? Why?
-
What is the difference between standard costs and budgeted costs?
-
Cost of Goods Manufactured, Income Statement Norton Industries, a manufacturer of cable for the heavy construction industry, closes its books and prepares financial statements at the end of each...
-
The red flag literature has been criticized for its generality. It is difficult to make general measures of problems operational. For example, a lack of management integrity has been cited as a red...
-
Related parties are generally cited as indicators of a higher risk of fraud existing for an auditee. The idea is that arms-length transactions in and of themselves exercise control over the propriety...
-
Untimely cutoffs of sales or cash recipts can occur due to delays in shipping, mishandling of consigned goods shipped as sales, retroactive posting of cash received after the year-end, or holding...
Study smarter with the SolutionInn App