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Tag - Operations Management

Transportation Models

Transportation Models in Operations Management Transportation Models in Operations Management is a special case of linear programming that deals with the issue of shipping commodities from multiple sources to multiple destinations. The objective is to determine the shipping schedule that minimizes the total shipping cost while satisfying supply and demand constraints. Transportation models are a special form of linear program. They address a common business problem of where to get supplies when there is a choice of suppliers all with a [...]

Operations and Operations Management

Operations and Operations Management Operations and Operations Management are of strategic importance to an organization. This is because all of the aspirations that modern day organizations have to excel in any of the following – mass customization, lean production, agile manufacturing, customer-centric provision and so on – depend on the ability of the organizations to actually do these things and such capabilities reside within operations. This is very important because it brings together a number of key issues that need to [...]

Lean Manufacturing

The concept of Lean Manufacturing was first seen Japan particularly in Toyota Production System. The concepts, tools and techniques had gone through a lot of testing before they were accepted. Lean Manufacturing intends to revolutionize the manufacturing process. This was not a fine tuning that had been done on the existing manufacturing system. The manufacturing techniques are conceptually different from the traditional process. For example the traditional manufacturing work is based on inventory. But Lean Manufacturing questions the role of [...]

Just-in-time (JIT)

Just-in-time (JIT) is an inventory strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs. To meet JIT objectives, the process relies on signals between different points in the process, which tell production when to make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf. Implemented correctly, JIT can improve a manufacturing organization's return on [...]