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Just-In-Time

Does the customer's order start the JIT process?

Since the early 1980's we in the United States have been hearing about, and most have adopted, Just-In-Time or Lean Manufacturing as practiced by the Japanese. Is it really "just-in-time" if you the consumer can buy any color Toyota right from the dealer's car lot? Or buy any Apple iPod in any model or color right off the shelf

Practice exam problems - managerial cost accounting

Shown below are a number of costs incurred last year at Mecca Publishing Co., a manufacturer of elementary school textbooks: Solvents and cleaners used by the custodians to clean the textbook printing presses $500 Depreciation on the automobiles used by sales representatives $4,200 Fire insurance on factory building $2,000 S

Operations Management Questions: Technology, layout, capacity, MRP, productivity

1- Technology has greatly impacted the world of Operations Management. Discuss some of the potential risks and benefits associated with implementing new technology into an organization. 2- We are living in a rapidly changing global economy. As a result, organizations are being forced to make changes in order to stay compet

What are some advantages of JIT system (just in time)?

What are some advantages of JIT system Do you consider it an inventory control or a production system? Can you mention some of the benefits that the middle man adds to the distribution channel? Can you provide an example of cases in which without the middle man we would not be able to have access to a product? Can you

Operation Management: JIT Concepts

JIT at Arnold Palmer Hospital Orlandos Arnold Palmer Hospital, founded in 1989, specializes in treatment of women and children and is renowned for its high quality rankings (top 10% of 2000 benchmarked hospitals), its labor and delivery volume (more than 10,000 births per year, and growing), and its neonatal intensive care un

Just in Time Systems at Wal-Mart

1) How does JIT and Lean processing affect managerial decision-making for a company such as Wal-Mart? 2) What are the benefits and difficulties does this organization face in implement JIT concepts? If they cannot use JIT, what other practices could be more suitable? Please include any reference material used. Thanks for

Inventory Management (Wal-Mart)

Identify the following using an introduction, discussion, and conclusion section: 1) Wal-Mart's main line of business, 2) How the inventory is managed within the organization, 3) How the inventory management practices either improve customer satisfaction and/or reduce costs. Please include any reference material used

'Reed's Clothier Case Study: Capital Budgeting

'Reed's Clothier Case Study Read Case # 16, Reed's Clothier, located in: EBOOK COLLECTION: Sulock, J. M., & Dunkelberg, J. (1997). Cases in financial management (2nd ed.). New York: John Wiley & Sons. Disregard the financial statements and exhibits presented in the case. Use the financial statements and exhibits present

Just In Time Systems

JIT at Arnold Palmer Hospital Orlando's Arnold Palmer Hospital, founded in 1989, specializes in treatment of women and children and is renowned for its high quality rankings (top 10% of 2000 benchmarked hospitals), its labor and delivery volume (more than 10,000 births per year, and growing), and its neonatal intensive care u

Business: New Technologies and Globalization

Unit 9 Discussion The advent of new technologies (the internet, computerization, etc.) and the impact of globalization (products not only available from every country but being developed in multiple countries) has increased not just the demand for goods and services but also has increased customer requirements and expectations.

Compare and Contrast JIT and ABC Methods

What are some of the main differences between just-in-time processing and activity based costing? Why has JIT become so popular in some industries? Why haven't all of ABC processes moved to JIT? Toyota was one of the first companies to use JIT on a large scale, would it make sense to use JIT and ABC?

International Operations and Best Practices

1. What two export payment terms offer the most protection to the seller? 2. What is a generality about similarities of social and cultural values in the country? 3. What are the trade-offs for a firm that uses a just-in-time production system? 4. Compare and contrast ethnocentric, polycentric, regiocentric, and geocent

Seahawk Manufacturing: Impact of selling inventory on the accounting equation

Exercise 18-4A Job-order costing in a manufacturing company Seahawk Inc. builds sailboats. On January 1, 2004, the company had the following account balances: $40,000 for both cash and common stock. Boat 25 was started on February 10 and finished on May 31. To build the boat, Seahawk had incurred cash costs of $5,100 for labo

Project management discussion: Lean systems, JIT inventory, waste materials

The advent of new technologies (the internet, computerization, etc.) and the impact of globalization (products not only available from every country but being developed in multiple countries) has increased not just the demand for goods and services but also has increased customer requirements and expectations. As such organizati

Just-in-time inventory system

How does a just-in-time inventory system benefit a firm? What conditions are needed for its successful use? What are the five Cs of credit? Explain why each is relevant.

Technology recommendations for Parker Earth Moving Co.

See the attached case study. Parker Earth Moving Co. has asked your team to provide recommendations for potential technologies they may use to improve their business process. Currently, their information technology department is out-of-date, not involved in the business process, and does not serve a major purpose. The dep

Huffman Trucking Transportation Strategies

See the attached file. Create a 1,050- to 1,750-word transportation analysis for Huffman Trucking. Address the following: o List, describe, and evaluate at least three different transportation strategies. o Identify and discuss the current transportation strategies of Huffman. What, if any, improvemen

Victoria Kite Company Master Budget

Victoria Kite Company, a small Melbourne firm that sells kites on the web, wants a master budget for three months beginning January 1, 2008. It desires an ending minimum cash balance of $5,000.00 each month. Sales are forecasted at an average wholesale selling price of $8.00 per kite. Merchandise costs$4.00 per kite. All sal

Managerial Accounting and Finance

JIT and TQM are not compatible philosophies since JIT relates to inventory and TQM is a management philosophy. True False One shortcoming of traditional managerial accounting systems is that they focus too much on cost drivers and not enough on reducing costs. True False Product costs

Relationship between JIT and quality

How can just-in-time manufacturing (JIT) be incorporated into your organization? How would JIT manufacturing affect quality in your organization?

Just-In-Time (JIT) and Process Standardization

Recall and document the process steps follwed in a Dentist office. 1. Explain the JIT philosophy 2. Identify the customer expectations for the service and/or product 3. Describe the production process steps observed 4. Diagram a process flowchart 5. Describe the standardized and non-standar

ABC and JIT

Let's assume that a manufacturing cell is implemented for a product. This assumption incorporates JIT manufacturing principles into the ABC costing system implying that they are complementary. Discuss some of the ways that these two management philosophies are indeed complementary.

Just In Time Objective - Apex Technologies

Apex Technologies produces automotive filters that are used by original equipment manufactures of automobiles and light truck. Apex operates a single plant manufcaturing department in metal fabrication. It manufacturer over 100 different fileters. The metal fabrication department implemented a JIT System with respect to raw m

Just in time purchasing process

The "Just in Time" or "JIT" purchasing process is becoming more popular as a strategy for firms across the globe. Identify two or three purchasing benefits described in the text. Identify a project that could be implemented to meet these benefits from professional or text examples. Consider why a project manager would need to