Stock Market Brief Deck for "this does not happen often".pdf
Powerpoint
1. 1.Introduction
2.Philosophy of Just-in-time
3.Supply Chain
4.Supply Chain Design -- A Strategic Issue
5.Some positive impacts of JIT in Supply chain management
6. Some setbacks of JIT Philosophy in Supply chain Management
7. Conclusion
2. Supply Chain is one of the most visible sets of activities
performed by a business
Just-in-time(JIT) method of production was introduced in 1970s
Successful application of JIT reduces inventory and waste that
often resulting in high stock levels
The Objective is to ensure that all necessary resources are
available in the location whenever they are needed
3. The basic elements of JIT were developed by Toyota in the 1950's,
and became known as the Toyota Production System (TPS).
JIT was well-established in many Japanese factories by the early
1970's.
JIT began to be adopted in the U.S. in the 1980's (General Electric
was an early adopter)
The JIT/lean concepts are now widely accepted and used.
4.
5. SUPPLIER MANUFACTURING ASSEMBLY LINE DISTRIBUTION
PRODUCTION
CUSTOMERS DISTRIBUTION FINISHED/SEMI-FINISHED PRODUCTS
6. To achieve effective Supply Chain management, we need to
have
Accurate and updated information
Excellent communication not only within corporate level but it
extends to company and customers as well
Cooperation and trust
7. In summary, supply chain management is part of strategic
planning.
Strategic plans are implemented by superior sourcing -
selecting suppliers based on high performance goals, or
Management of the procurement, or purchasing, process.
8. Stabilize and level the MPS with uniform plant loading
Reduce or eliminate setup times:
Reduce lot sizes (manufacturing and purchase)
Reduce lead times (production and delivery)
Preventive maintenance-Use machine and worker idle time to
maintain equipment and prevent breakdowns
Require supplier quality assurance and implement a zero
defects quality program
Small‑lot (single unit) conveyance - Use a control system such
as a card system to convey parts between work stations in small
quantities
9. o There is little room for mistakes as minimal stock is kept for re-
working faulty product
o Production is very reliant on suppliers and if stock is not delivered
on time, the whole production schedule can be delayed
o There is no spare finished product available to meet unexpected
orders, because all products are made to meet actual orders
o Loss of individual autonomy. This is mainly due to the shorter
cycle time which adds pressures and stress on the workers
Loss of team autonomy. This is the result of decreasing buffer
inventories which lead to a lower flexibility of the workers to solve
problem individually.
10. In this age of Information Technology, it is important that ones get
ahead of the pack by reducing her production cost to its lowest
possible value but without reduction in quality. We should do our
best to reduce our tannery cost and also to widen our manufacture
ability. As to modern industrialized technology has brought down
the prices of computers, cameras, videos, etc, all this is the result of
modern volume production and competition in the market place In
this age of Information Technology, it is important that ones get
ahead of the pack by reducing her production cost to its lowest
possible value but without reduction in quality. We should do our
best to reduce our tannery cost and also to widen our manufacture
ability. As to modern industrialized technology has brought down
the prices of computers, cameras, videos, etc, all this is the result of
modern volume.