A Summary On Operations Management - 3773 Words

Just in Time Operations Management-2 Project Table of Contents EXECUTIVE SUMMARY 2 JIT INTRODUCTION 2 JIT ELEMENTS 2 Positive attitude towards workforce 3 Use of modern computers and automation 3 Customer Awareness 4 GOAL AND BENEFITS OF JUST IN TIME 4 LIMITATION AND DISADVANTAGES 4 JIT PHILOSOPHY 5 IMPLEMENTATION OF JIT 6 METHODOLOGY 6 Reduction of Set-up time 6 Reduction of lot sizes 6 Implementation of Group technology process 7 EXAMPLES FOR SUCCESSFUL IMPLEMENTATION OF JIT 7 Toyota 7 Dell 7 Harley Davidson 8 SMED 8 Goal of SMED 8 Set-Up Conversion Matrix: 12 MRP/KANBAN 13 REFERENCES 14 EXECUTIVE SUMMARY We begin by talking about JIT and give an introduction about the concept so that all may come to terms with the basics of the same. Next we move on to the elements involved in JIT and briefly describe them one by one. Next we begin talking about the goals, benefits, and limitations of the same, giving way to the philosophy and techniques of JIT. We continue our report with the implementation steps and examples of JIT in real world scenario. Moving on to two problems that we identified where JIT was successfully implemented and tools were used to resolve those- SMED and MRP/Kanban. We see here in the first problem that how SMED tool was used to reduce the set-up time of a plant to incorporate JIT and in the second problem we see how a combination of MRP and Kanban cards was used to incorporate JIT in the firm. JIT INTRODUCTION Just in Time (JIT) is described as anShow MoreRelatedExecutive Summary : Operations Management2358 Words   |  10 PagesEXECUTIVE SUMMARY Operations Management is the process of producing and delivering product and service of an organization by managing its resources effectively. All product or service is the result of operating (input-transformation-output) process. 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