Just-in-Time (JIT) Techniques - Assignment Example

Only on StudentShare

Extract of sample
Just-in-Time (JIT) Techniques

Thus by thinking about the problem the problem it can be viewed and finally when the problem eventually becomes clear leads to kaizen. If one makes it a rule to deal with defects only after they occur and thus the number of its staffs tends to fall. Therefore, things that are running smoothly should not be subject to any control. If you commit yourself to just finding and fixing problems, you'll be able to carry out effective control (within an organization) with fewer personnel”. This concept is very well applied in Toyota. Since everyone at Toyota is involved equally at the business improvement plan. The people at Toyota participated in the meetings which are held regularly and discuss the progress and also consider the new initiatives. Thus, everyone at Toyota is expected to contribute and all the ideas are equally listened to by the management of Toyota. Unlike other organization there are no suggestion boxes in Toyota as people are not afraid to talk about the new ideas and plans (Hope & Player, 2012, p. 211). The success of Toyota an automotive company has been able to achieved success with the techniques of lean which is monitored by most of the organization (Blanchard, 2007, p. 97). ...Show more

Summary

Just-in-Time (JIT) Techniques Contents Just In Time 3 Benefits and Drawbacks 5 References 7 “Things that are running smoothly should not be subject to any control. If you commit yourself to just finding and fixing problems, you'll be able to carry out effective control (within an organization) with fewer personnel” (Minoura, 2003)…
Author : kaciecarroll
Save Your Time for More Important Things
Let us write a custom assignment on your topic
"Just-in-Time (JIT) Techniques"
with a personal 20% discount.
Find out more

Related Essays

Managerial Accounting Practise in Saudi Organizations
MAPs are very beneficial when financial and non financial data needs to be extracted by firms in order to sustain the intense competition in the dynamic business world and timely adapting to change. Past researches have certainly given no guarantee for MAPs as a success tool but on the contrary in the absence of this tool, a firm’s competitive advantage is deteriorated to a significant extent.
9 pages (2250 words) Essay
behavioral finance
In investigating these unique phenomena, there arise two key challenges. One is whether the phenomenon exists at all in the first place and two, even if it did, will a radical paradigm shift in behavior be the proposed solution? Psychology therefore becomes a key component when it comes to dissecting and understanding human judgment, behavior and general well-being.
10 pages (2500 words) Assignment
Exploring the role of management accounting ratios techniques in enhancing the providing decision-making process: the case of Br
Relevant financial principles will be explored at length in terms of corporate decision making. Standards will be explored concerning optimal accounting objectives based on established business principles. Near the end of this analysis, background information on British Petroleum (BP) will be discussed, and related to the subject of accounting practices.
32 pages (8000 words) Dissertation
Average Costs and Variable Costs as Performance Measures
Average Costs and Variable Costs as Performance Measures According to Pride, Hughes and Kapoor (2012), Cost Accounting involves such processes as the collection, analysis, summary, and evaluation of certain courses of action in order to offer invaluable advice to the management on the best way to act regarding cost efficiency versus capability.
3 pages (750 words) Essay
To what extent does strategic management accounting contribute to global competitiveness? Illustrate your answer through an anal
The traditional management accounting is considered to be inadequate with its focus only on the manufacturing and ignores the effect of various other activities. The accounting reports provide incomplete sets of measures. The traditional reporting systems implemented by traditional management accountants include standard cost variance analysis or the budgetary control techniques, which do not focus completely on the processes.
6 pages (1500 words) Literature review
Other Financial Management Techniques
The performance of the employees and the organization is optimized with the adoption of the Balanced Scorecard that monitors and motivates the performance of the employees and their contribution to the major four performance fields of the organization, namely the financial goals, customer centricity, internal efficiency and the improvement in the stages of learning through work.
6 pages (1500 words) Essay
Investment Appraisal tools and techniques are used by many organizations in the private and public sectors . Critically evaluate
The discounted cash flow techniques Payback period method- according to this method, the feasibility of a company is measured by dividing the initial capital outlay by the periodic cash inflows. For this reason, the payback period is defined as the period a company takes to generate cash that is equivalent, in the amount, to the initial cost of investment.
3 pages (750 words) Essay
"Risk identification is an underdeveloped art" Discuss and include an overview of risk identification aids and techniques in yo
Whenever a project is undertaken, an entity is open to number of potential risks. These risks may lead to such events that would prevent the project from processing as planned. However, they might not be evident at the time when decisions for the investment is taken and if they are not identified in advance company would have to bear costs and financial loss (HENRIK, 2007).
5 pages (1250 words) Essay
MNE should stop outsourcing to developing countries 2
This paper will investigate the influence of outsourcing to developing countries by MNEs with special emphasis on Africa. Significant number of job losses is attributed to the existence of outsourcing policies in MNEs. The research will involve analyzing
3 pages (750 words) Assignment
Governance and Ethics
It also sets out the rules and procedures involved in decision making. Corporate governance draws its principles from various theories including economics, ethics,
20 pages (5000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT