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Study Guide on JIT Rahul Jain

Study Guide on JIT

Rahul Jain

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Kindle Edition
32 pages
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TABLE OF CONTENTSI. Introduction and Importance of JITII. JIT and Purchasing ProcessIII. Case of Just In Time Objective - Apex TechnologiesIV. Relationship between ABC and JITV. Case of Samson and MidlandVI. Case of Penman CorporationMoreTABLE OF CONTENTSI. Introduction and Importance of JITII. JIT and Purchasing ProcessIII. Case of Just In Time Objective - Apex TechnologiesIV. Relationship between ABC and JITV. Case of Samson and MidlandVI. Case of Penman CorporationExplanation of QuestionsIII. Case Analysis- Just In Time Objective - Apex TechnologiesApex 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 material purchased no other department at Apex has implemented JIT System .1. What are the objectives of a JIT System and what should the manager communicate to the other department supervisor?2. What are some actions that Apex could take to ease the transition of a JIT System3. In order to successfully implement the JIT system, what arrangements must the company make with vendors? How will these arrangements be formalized?V. In this report, include the following:1. Contrast and compare manufacturing and service operations and identify which to apply to Samson and Midland2. Determine if Samson and Midland use batch or continuous flow processes in their manufacturing. Should they modify significantly? Support your answer by providing examples based on the scenario, the addenda mentioned above, and any additional research.3. Determine if JIT or kanban principles can apply to either Samson or Midland and justify your answer.VI. JIT Inventory The president of Penman Corporation, John Burton, has asked you, the company’s controller, to advise him on whether Penman should develop a just-in-time (JIT) inventory system. Your research concludes that there is a high cost associated with inventory storage facilities- that inventories use a large portion of the company’s cash flow- and that because of the nature of the inventory, there is a significant amount of shrinkage. Research also shows that neither of Penman’s two competitors uses a JIT inventory system. Most of Penman’s employees are trained to do only one job and belong to a local union. The union is strong and, in the past, has opposed major production changes. The union believes major changes will result in the loss of union employees’ jobs. Your research indicates that Penman’s major production item (a fairly new product in the market) should continue to have strong sales growth.Required:1. Using the information provided, advise John Burton to either continue the present system or work to develop a JIT inventory system.2. Assume John decides to develop an inventory management system. He plans to evaluate the system after one year. List at least four possible performance measures John could use to evaluate the effectiveness of the system. Describe what information these measures would provide John.