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Just-In-Time

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

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

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

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

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

Evaluation and Control: Control Measures

Please address the Evaluation and Control: Control Measures area of this project: Consider the Panasonic group. Using the guidelines established in Chapter 11 of your text, produce a Strategic Audit for the Panasonic group.

IBN Corp: Compute unit sales price to earn a $200,000 operating profit.

A partial income statement of IBN Corporation for Year 0 follows. The company uses just-in-time inventory, so production each year equals sales. Each dollar of finished product produced in Year 0 contained $0.50 of direct materials, $0.33333 of direct labor, and $0.16667 of overhead costs. During Year 0,

Organizations are facing unprecedented rapid change and an every increasing demand for faster decision making. Employees need to quickly learn new skills. Traditional business education (off site courses seminars, internal classroom Courses) take too much time. Enter Informal Learning

Key benefits of Informal Learning are that it has a significant positive impact on the corporate culture and it contributes to the transfer of tacit knowledge which is vital to corporate performance Informal learning is not meant to completely replace formal learning. Rather the two are blended into a composite approach that in

Improving Operational Performance Questions

1. Companies using a just-in-time production system produce products based on sales forecasts. produce products based on customer demand. have mostly foreign customers. 2. When different processes in a manufacturing chain operate at different speeds, you are likely to get a faster lead t

Total Quality Management

Please discuss additional perceptions to the description of the impact of globalization on quality. Also, an additional viewpoint with regard to comparing and contrasting traditional management styles with quality focused management styles.

Case Study: Kristen's Cookie Company

Case Study Analysis Based on the enclosed case study of Read the Kristen's Cookie Company. Prepare a 1,050- to 1,400-word response in which you: a. Answer the questions at the end of the case. b. Summarize the case. c. Analyze baseline data for the product or service discussed in the selected case to identify improvement op

Managerial Accounting

I have comlpeted the final review for my accounting class. I have trouble answering questins 10 and 46. And I also need someone to check the answers I have giving to the rest of the questions, I want to be sure that I have understood the material. Thank you. 1. Management accounting focuses primarily on providing data for:

Economies of Scale and JIT

Can you help me get started with this assignment? 1) What are some practical limits to economies of scale? What is capacity balance? Why is it hard to achieve? What methods are used to deal with capacity imbalances? Why would a business maintain a capacity cushion? 2) Is it possible to achieve zero inventories? Why or why

Logistics and Distribution: JIT and other advantages in logistics

Can you help me get started with this assignment? Logistics and distribution 2008/09 Answer two of the following questions Question: {1} Just in time {JIT} is not just about reducing inventory. Discuss in full details Question: {2} {A} what is competitive advantage in Logistics? {B} how can it be gained us

Needs Assessment for Quality Improvement

Can you help me get started with this assignment? Select a process in your organization that needs improvement and prepare a paper in which you address the following deliverables: 1. A description of the chosen process 2. An "As-Is" flow chart of the process to be analyzed. 3. Describe the relationship of the process

Evaulate company's supply chain in meeting goals; risk and rewards of JIT

1. If you were to evaluate your company's supply chain (or resource allocations for service based companies) do you feel that it meets the operational goals of the company? Why or why not? If you had the power to change one thing related to supply chain or resources within your company what would that be? How easy would it be