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Homework - Assignment Example

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Among the popular are the Kanban system which happens to be one of the modern and effective one being used to date. In addition there is the Economic Quantity…
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ng if or not the kanban system is the modern equivalent of Economic Quantity Research system and whether or not, the operating conditions are more important than the reorder point system used.
According to the World Wide Web, kanban may be defined as a system that is designed to ensure that sufficient tools/supplies for workers for when and where they need it. In other words this production system is designed for continuous manufacturing. This system is most times compared to a supermarket. For example a supermarket that uses a Point-of-sale (POS) system, once a customer pays for something through the cash point and the items are scanned, at the end of the day, it sends the sale history to the warehouse. From there they will know what to order to replenish stock.
In contrast to the Economic Order Quantity Research (EOC), which is basically an equation used to determine minimum and maximum stock levels they perform the same duties and provide satisfactory results. I believe they are similar in more ways than one but the main difference is the way they are carried out.
2. There is considerable evidence that getting the correct operating conditions is more important than the choice between MRP, kanban, or reorder point methods in the MPC system. How general do you believe this situation to be?
Generally, I agree reason being, all the methods mentioned above provide basically the same results with little difference in calculation methods and time. So most definitely the only thing that would hinder positive and profitable results would be conditions under which they are ... Read More
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