Supply Chain Management is a term used to describe the relationship that exists between an organisation and its network of suppliers and buyers. Just-In-Time (JIT) management is the ability of an organisation to integrate its systems and processes with that of the supply network. Describe a supply chain where this occurs and discuss the challenges and benefits of the JIT methodology. A Just -In -Time System is a system which organizes the resources‚ information flows‚ and decision rules that
Premium Management Supply chain Supply chain management
the importance of the famous management technique called JIT (Just In Time) and its use in one of the most well known company "HONDA". The case extensively discusses the features‚ importance‚ implementation‚ and the various problems of Just in time. JIT was first implemented by Toyota and the technique is very commonly used in many Japanese companies and HONDA is one of them. The main purpose of developing this case study is to understand JIT as an operation management technique in the business world
Premium Honda
available to the risk manager for dealing with the pure risk facing by the firm. a. Risk Avoidance: This requires one to stay away from implicative activities. However‚ this only minimized the risk‚ it does not eliminating it. b. Risk Reduction: These are the steps taken by the company management to deal with real and perceived risks. They are not expected to eliminate the risk‚ but minimize the chance of its occurring. c. Risk Transfer: This is the shifting of a risk from one party
Premium Risk management Risk Operational risk
30 July 2009) Just-in-time (JIT) and reverse logistics are two important philosophies. Coincidentally‚ both are related to reducing the impact on the environment. However‚ they are sometimes in conflict with each other. The former focuses on moving the materials smoothly which require a stable demand and supply‚ but the latter is weak in terms of predicting how many returned products will be processed. Therefore‚ there is a need to investigate the impact of JIT to reverse logistics systems
Premium Logistics Supply chain management Supply chain
TERM PAPER ON Submitted by Submitted to Nagendra B V Prof Anitha Yadav USN - 1PT12MBA29 Dept of MBA‚ PESIT F1 Introduction to Toyota Motor Corporation Toyota Motor Corporation is a Japanese automaker headquartered in Toyota‚ Aichi‚ Japan. In 2010 the multinational corporation consisted of 325‚905 employees worldwide and‚ as of March 2013‚ is the thirteenth-largest
Premium Kanban Lean manufacturing Toyota Production System
Course: Operational Management Made by: Nela Pamukova ID: 9589 Skopje‚ 2012 Professor: Filip Ivanovski Course: Operational Management Made by: Nela Pamukova ID: 9589 Skopje‚ 2012 Just-in-Time Method presented with Case Studies in the auto industries in India with wide elaboration of the cases and concepts. Just-in-Time Method presented with Case Studies in the auto industries in India with wide elaboration of the cases and concepts. Just in Time (JIT) Manufacturing and
Premium Lean manufacturing Manufacturing Toyota Production System
T EXECUTIVE SUMMARY The purpose of this individual assignment is to show how JIT helps in providing the alternative solution in a logistics operation; the disadvantages of this system would also be explored. At the start of this assignment I will try to provide a simple definition of JIT‚ then demonstrate the benefits and/or problems in this areas; namely raw materials procurement‚ production control and planning‚ inbound logistics and lastly warehouse and storage. Following that will be a
Premium Logistics World Wide Web Production system
Risk Management A guide to help you implement Risk Management in your organization [pic] “The person who risks nothing‚ does nothing‚ has nothing‚ and is nothing.” Janet Rand Joe Teeples 650 Duvall Ave NE #S1611 Renton‚ Washington 98059 Table of Contents Chapter 1 Introduction The Who‚ What‚ When‚ Where and Why of Risk Management. Chapter 2 Just What is Risk Management
Premium Risk management Risk
IMPLEMENTATION OF RISK MANAGEMENT IN THE MALAYSIAN CONSTRUCTION INDUSTRY Lee Chun Siang and Azlan Shah Ali Faculty of Built Environment‚ University of Malaya 50603‚ Kuala Lumpur‚ Malaysia asafab@um.edu.my Abstract Risk and uncertainty constantly plagued construction industry compared with other business activities due to its characteristics of complexity‚ dynamic and time consuming. As risk management is predicting the unpredictable‚ it is one of the most vital management tools to cope with
Premium Risk management Project management Construction
“Risk Management in Banks: The AHP way” By: Diksha Arora PG Candidate‚ Class of PGDM-2010 BIMTECH‚ India Abstract Risk is inherent in every walk of life. Banks are‚ by definition‚ in the business of taking and managing risk. The paper deals with the study of Risks associated with commercial banks like risk revolving on capital‚ credit risk‚ market risk‚ liquidity risk‚ earnings risk‚ business strategy risk‚ environmental risk‚ operational risk‚ group risk‚ internal control risk‚ organizational
Premium Risk management