Вопрос
a) Write short notes on the following i. Standardization and variety reduction. ii. Scrap and disposal. iii. Order sorting. iv. JIT. [10 Marks]
Решения
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Эдуард
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элита · Репетитор 8 лет
Ответ
i. Standardization and variety reduction: This is a strategy to simplify the production process by reducing the variety of products being produced and standardizing the production process.ii. Scrap and disposal: This refers to the management of waste materials in a production process. It involves identifying what waste is generated, how much is generated, and how it should be disposed of.iii. Order sorting: This is a process in production scheduling which involves arranging production orders in a sequence that minimizes delays and maximizes efficiency.iv. JIT (Just-In-Time): This is an inventory strategy that aligns raw-material orders from suppliers directly with production schedules. Companies use this strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, thereby reducing inventory costs.
Объяснение
This question is asking for short notes on four different concepts related to production and inventory management. i. Standardization and variety reduction: This refers to the process of reducing the variety of products being produced and standardizing the production process. This can lead to economies of scale and reduced complexity in production.ii. Scrap and disposal: This refers to the management of waste materials in a production process. Effective scrap and disposal management can reduce costs and environmental impact.iii. Order sorting: This refers to the process of organizing and prioritizing orders for production. Effective order sorting can improve efficiency and reduce lead times.iv. JIT (Just-In-Time): This is a production strategy that aims to improve a business's return on investment by reducing in-process inventory and associated carrying costs. JIT can lead to significant cost savings but requires precise demand forecasting and supplier cooperation.