Just-in-Time Inventory Management - 2072 Words

Just-in-Time is an inventory management philosophy that aims to reduce inventories by implementing systems and processes to supply a product or service exactly when it is needed, and how it is needed in the production process. The concept of JIT is widely accepted today by many American manufacturing companies, and it is a means of controlling costs through striving to maintain lean inventories—in fact, the concept of JIT was introduced in the early 1980’s to the U.S. as a concept know as â€Å"zero inventories†. This inventory control concept involves close relationships with vendors or suppliers, who are able to provide components of the product direct to the work-in-process area, in a â€Å"pull† type fashion, whereby the components are†¦show more content†¦Considering the fact that the shifting of inventory from the hospital to the supplier is going to raise the supplier’s inventory level, it is reasonable to conclude that the supplie r might raise their rates. In addition, if JIT systems are not managed properly, they inherently raise the risk of stock outages of inventory—in the health care environment, medical supply outages can be life threatening. The second article discussed is titled, â€Å"Just-In-Time Inventory Management: Implementation of a Successful Program†, from a 1995 edition of Review of Business. This article describes the basic process of implanting JIT in an organization, and provides an excellent summary of the management philosophy in general, however, it concludes with a similar cautionary note to the first article. To begin, this article discusses the three basic stages of JIT: Kanban systems, Production planning, and Global management philosophy. Each stage is more advanced than the prior, and the article notes that any organization utilizing any of these levels of JIT, describes itself as a JIT based company. The Kanban, derived from the Japanese words kan (card), and ban (signal), is the most basic form of JIT. The Kanban is a materials movement trackingShow MoreRelatedTHE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY (JIT)MANAGEMENT SYSTEM IN PROCTER AND GARMBLE LTD. NIGERIA. THE PROBLEMS AND CHALLENGES1869 Words   |  8 Pagesï » ¿ PRESENTATION ON : THE PRACTICE IMPLEMENTATION OF JUST IN TIME INVENTORY (JIT)MANAGEMENT SYSTEM IN PROCTER AND GARMBLE LTD. NIGERIA. THE PROBLEMS AND CHALLENGES PRESNETED BY : ADEOYE AKEEM ADEGBENGA. CENTRE FOR POSTGRADUATE AND RESEARCH, KULLIYAH OF MAMAULAT, INSANIAH UNIVERSITY COLLEGE. TABLE OF CONTENTS. 1. Executive Summary 2. Company’s background 3. Introduction – JIT 4.0 Findings and Analysis Read More Just In Time Systems Essay1405 Words   |  6 Pagesand maintaining a stock of inventory items has long been an arduous task for many business owners. The old method of cataloging by part or item number has all but disappeared since the proliferation of electronic catalogs and the use of computer software and web-based ordering/monitoring systems. Inventory management is necessary for owners who want to maintain a stocking service for quick turnaround to help ensure total customer satisfaction. An item on a managed inventory list must be maintained toRead MoreWeek 6 Bus 6501680 Words   |  7 Pageschain inventory management method can be affected depending on the situation of the retailer. Studying the control method for problems in inventory, which would include both, excesses in inventory as well as shortages, and hoping to minimize loss. Use of SCM as a Method of Inventory Control I have decided to do the final for Managerial Finance on the use of the SCM method as a form of inventory control, because I have worked in a business that has used many different forms of inventory controlRead MoreInventory Systems Paper1372 Words   |  6 PagesInventory Systems Summary Inventory control systems are used so that companies can track materials or products. Before technology was so readily available, employees of companies had a harder time tracking inventory. Today one can go into a large retailer and ask an employee to check if an item is in stock and all the employee would have to do is check a little hand held device. The four types of inventory systems that Team A decided to research and discuss were: Advanced Tracking System (ATS)Read MoreAn Overview Of Inventory Management1745 Words   |  7 PagesAn Overview of Inventory Management Lijuan Wei Abstract —There are some complex and compelling challenges that global manufacturing industries should face, which includes price fluctuation, supply-chain inefficiencies and increasing customer expectations. In order to meet the demand of this economic environment, manufacturers need to find innovative, smarter ways to face those challenges. Thus, the efficient inventory management becomes urgent to manufacturers and it could help improve profitabilityRead More JIT manufacturing and inventory control system Essay1053 Words   |  5 PagesJIT Just-in-time production is considered to be on the leading edge of technological advancement. With improvements in the virtually every industry, maintaining an effective production line while minimizing inventory costs is a very feasible option. Just-in-time systems are designed to keep inventory costs at a minimum, unlike the ways of old, with large warehouses loaded with back inventory. With technology allowing instantaneous communication around the world, production lines and stores doRead MoreEssay on Case 8-2: Throsel-Teskey Drilling723 Words   |  3 PagesThrosel-Teskey Drilling Situation: ï‚ · Alison Burkett - purchasing manager at Throsel-Teskey Drilling Inc. (TTD) o Reports to John Dietrich, the president, maintained a substantial equity interest in the company. o Responsible for sourcing and materials management. o Reporting to Alison was Ken Jenner, materials manager, and Emerson Parrish, warehouse manager ï‚ · Throsel-Teskey Drilling Inc.: Merged with Teskey-Dean Drilling Inc. (Teskey-Dean) o A mining services company performed diamond drilling o Had moreRead More Supply Chain Management Essay867 Words   |  4 PagesSupply Chain Management According to our class text Supply Chain Management’s goal is to create fast, efficient, and low-cost network of business relationships to get a company’s product from concept to market. In order to understand the goal we must know that the supply chain is the process the raw materials of a product go through in order to be available to the consumer. The relationships that the business creates are needed in order to create the product, each process the product goesRead MoreEssay on Operation1079 Words   |  5 PagesSlide 1. Inventory Management ( ALZAM ) Gd evening everyone, my name is ALZAM. Today my group members and I will be presenting our case study on inventory management. Let me introduce my group members, Jefren, Jerrick, Alan, Victor and Kelvin. Our presentation will last abt 20 mins Slide 2. Introduction (ALZAM) Let me start off by introducing inventory management. Its part of Supply Chain Management that contain systems and processes of maintaining the appropriate level of stock in a warehouseRead MoreInventory Management Practices in Selected Medium-Scale Boutiques in Sta.Rosa, Laguna1357 Words   |  6 PagesINVENTORY MANAGEMENT PRACTICES IN SELECTED MEDIUM-SCALE BOUTIQUES IN STA. ROSA CITY, LAGUNA Chapter 1: Introduction and Background of the Study Introduction Inventory to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. In a literal sense, inventory

Bartleby, the Hero in Herman Melville’s Short Story...

Bartleby, The Hero in Herman Melville’s short Story Bartleby the Scrivener In Herman Melville’s short story Bartleby the Scrivener, Bartleby is the hero. The reasons as to why Bartleby is considered the hero of the story are that first, the character refuses to write in his job in the law office. He even starves himself to death by refusing to eat, but in the end, the spirit of Bartleby still remains alive and haunts the narrator. Throughout his life, the narrator remains haunted by the spiritual pride and continues to struggle with the principles of morality and justice. Bartleby is also a hero because he not only shows his courage towards confronting the society using his will power, but he also shapes the conscience of the†¦show more content†¦This aspect of Bartleby’s heroism affects the story by developing a new theme to the story and developing the character of the narrator who is part of the story as the boss to Bartleby. It develops the theme of association between chronometrical time and the world of the spirits. It also changes the character of the narrator because he develops a new attitude towards time, and the world of spirits, which changes his normal way of belief. The narrator of the story becomes shocked when he discovers that Bartleby, who only feeds on ginger nuts, has never left the office. This is actually the first time that the narrator experiences the spiritual power that Bartleby possesses. The narrator is so much business oriented that he only looks at the world in terms of profits. However, when he encounters this aspect of the spirit of Bartleby, his attitude towards life changes. He begins appreciating the fact that Bartleby deserves better treatment, not in the capitalist way. The narrator even sees what is a right, just as an asset, but this perception is later changed by Bartleby’s spirit: â€Å"What earthly right have you to stay here? Do you pay any rent? Do you pay my taxes? Or is this pro perty yours?† (Melville, 41). The perception of the narrator, of everything including rights of Bartleby as assets prevents the narrator from understanding the spiritual aspect of the pride in Bartleby. Although the narratorShow MoreRelated Comparing Loss of Self in Soldiers Home, Pauls Case, and Bartleby1442 Words   |  6 PagesLoss of Self in Hemingways Soldiers Home, Cathers Pauls Case, and Melvilles Bartleby the Scrivener  Ã‚     Ã‚  Ã‚   Hemingways Soldiers Home, Cathers Pauls Case, and Melvilles Bartleby the Scrivener all present a loss of self. These stories prove that there is a fine line between finding ones self and losing ones self. I believe this loss can occur at any age or station of life. This idea is seen in each storys main character. Hemingways Soldiers Home depicts a young man inRead More Herman Melvilles Bartleby, the Scrivener Essay3521 Words   |  15 PagesHerman Melvilles Bartleby, the Scrivener The narrator states fairly early on in Herman Melvilles Bartleby, the Scrivener that both he and Bartleby are sons of Adam (55). The phrase plays on a double entendre, referring to both the Calvinist Biblical Eden and to the view of America as the new Eden. Many recent critics have traced the biblical aspects of this and other elemen ts of the story, claiming the character of Bartleby as a Christ-figure, and as such carries out the role of aRead MoreEssay on The Haunting of Humanity: Herman Melville2719 Words   |  11 Pages Herman Melville (1819-1891) is an American writer who is widely acclaimed, among his most admired works are â€Å"Bartleby, the Scrivener† and â€Å"Benito Cereno† which both first appeared as magazine pieces and only published in 1856 as part of a collection. â€Å"Bartleby† was a story reflecting on the business world of the mid-19th century se t in New York none of its most famous and sometimes dangerous street: Wall Street. Bartleby a strange but intriguing man becomes employed in a legal office and in hisRead MoreAnalysis of Herman Melville ´s Bartleby, the Scrivencer Essay2703 Words   |  11 Pages Herman Melville (1819-1891) is an American writer who is widely acclaimed, among his most admired works are â€Å"Bartleby, the Scrivener† and â€Å"Benito Cereno† which both first appeared as magazine pieces and only published in 1856 as part of a collection. â€Å"Bartleby† was a story reflecting on the business world of the mid-19th century se t in New York none of its most famous and sometimes dangerous street: Wall Street. Bartleby a strange but intriguing man becomes employed in a legal office andRead More Bartleby, the Villain in Bartleby, the Scrivener Essay2873 Words   |  12 PagesBartleby, the Villian in  Bartleby, the Scrivener      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Herman Melvilles short story, Bartleby, the Scrivener, poses many moral questions, but refuses to answer them nicely and neatly. Unfortunately, Melvilles ambiguities have lead to some unusual interpretations concerning the ethics of the unnamed lawyer who narrates the story.   While it may seem perfectly obvious to most of us that he goes out of his way to be sensitive to Bartlebys needs, beginning with the narrators allowing

An Inspector Calls 13 Free Essays

We don’t live alone. We are members of one body. We are responsible for each other. We will write a custom essay sample on An Inspector Calls 13 or any similar topic only for you Order Now How does Priestly present this theme through the use of character, action and dramatic devices? ‘An Inspector Calls’ by ‘J. B Priestly’ is a post world war 2 drama set in 1912. The play is set in the industrial town of Brumley, the play is set in the front room of the Birling household. The play follows the classical unities rule where the play is set in one place, this allows future interpretations of the play to be less imaginative in where they set it, but it does mean that they can add more detail to the set as it never changes. The Birling family is a lower upper class family who have benefited from the industrial revolution. In the Birling family there are four members and one soon to be member of the Birling family; there is Mr Arthur Birling, Mrs Sybil Birling, Sheila Birling and Eric Birling. The soon to be family member is Gerald Croft. During act one they get a visit from Inspector Goole. Inspector Goole is a very secretive character who likes to keep his card close to his chest. The inspector is here to piece together events that led to a girl’s suicide; this girl is called Eva Smith. Pristley is socialist, he believes in equality between everybody; he uses the inspector as his mouthpiece for his socialist views. The Birling family have capitalist views, these are that not everyone is equal; you have to work and earn money to be successful. They are also quite a smug family, who only have interests for there own priorities. The Inspector wants to teach the Birlings about social responsibility; social responsibility is about looking after everyone is your community, not just your own interests. The play itself is set in 1912, but it was written in 1945 and first performed in 1946. This gives the audience hindsight into events that have happened in between that time. Mr Birling mentions the Titantic being ‘unsinkable, absolutely unsinkable’, although the audience knows this isn’t true as the Titanic sank on its maiden voyage. The characters in ‘An Inspector Calls’ are very important, as they’re views and beliefs play a huge part in the story. Mr Birling is self-centred man, with only interests in money. He believes money is more important than people. He would rather sack someone instead of giving them a small pay rise, even if they were a very skilled worker, as in the case of Eva Smith. He is an avid believer in capitalism, he is a social climber, he started his business with nothing and climbed up the social ladder to where he his now. Mrs Birling is a very arrogant and snobby person; she chairs a charity called the ’Brumley Women’s Charity’. It was set up to help unprivileged women try get back on there feet if they are exceptionally poor. Although, Mrs Birling uses it as a social status to make her look like an individual that has social responsibility. Mrs Birling is the complete opposite, she abuses her position as chair of the board, she has a big influence on the board, which she uses to turn down Eva Smiths application. She has the least respect for the Inspector of all the characters. She tries – unsuccessfully – to intimidate him and force him to leave, then lies to him when she claims that she does not recognise the photograph that he shows her. Gerald Croft is the fiance of Sheila. Gerald is the son of a very wealthy business man who is in a trade war with Mr Birling and his company. Gerald and Sheila coming together in marriage is seen as a huge gain towards a partnership between the two businesses. Gerald is in his fortys, he has views of both the older generation and the younger generation. The inspector is worried that Gerald will follow the views of the older generation. The inspector see’s the younger generation’s views as the way forward in life as the older generations views are capitalist and self-centred. The two younger characters in the play, Eric and Sheila Birling are seen by the inspector as a shining light of hope for the future of the family as there views are open to new ideas. Eric is seen by his parents as being venerable so they have kept him on a close watch. Eric seems  embarrassed and awkward right from the start. The fist mention of him in the script is  Ã¢â‚¬Å"Eric suddenly guffaws,†Ã‚  and then he is unable to explain his laughter, as if he is nervous about something. (It is not until the final act that we realise this must be because of his having stolen some money). Sheila is the fiancee of Gerald; she has views of the younger generation, but let her anger come over her when in the clothes shop Milwards in which Eva Smith worked in. Sheila used her famiy’s wealth to force the Milwards manager to sack Eva because Eva smirked; Sheila claimed that Eva was mocking her. Although she has probably never in her life before considered the conditions of the workers, she shows her  compassion immediately she hears of her father’s treatment of Eva Smith:  Ã¢â‚¬Å"But these girls aren’t cheap labour – they’re people. † Within  the play  Ã¢â‚¬ËœAn Inspector Calls’, Priestly uses numerous dramatic devises to get across his message of moral, class and political influence. The first hints of his central themes are imposed when Priestly describes the scene and setting of the first act. An immediate perception is given off towards the audience of ‘heavily comfortable house. ’ With this being a place of constant setting, a reflection of real time and naturalism is released. The lighting prescribed for the scene also creates the mood of  the play. Priestly states within his stage directions the lighting should be ‘pink and intimate’ prior to the inspector arrives a shaded glow of rose tint then should grow ‘brighter and harder’. In context and example of these stage directions are as pursued. ‘The dining room of a fairly large suburban house, belonging to a prosperous manufacturer. It has good solid furniture of the period. At the moment they have all had a good dinner, are celebrating a special occasion, and are pleased with themselves’. Another devise used to enhance  the play  writer’s dramatic concepts is the use of dramatic irony. These are used when the knowledge of the audience exceeds those of the characters within  the play. This technique of dramatic irony is in attendance when Mr Birling makes self-assured conjectures about the coming war and the ship Titanic being unsinkable. For example Priestley uses techniques to expose Birling’s naivety and generation gap. Tension is also secured throughout  the play  as each character holds significant connection with the suicide victim, Eva Smith, who represents the universal populace. By making Eva a representation rather than a real character the moral of  the play  is taken more literally. The contribution from each character also produces a deeper and more involved structure towards  the play’s plot. Timing which features as a critical decisive; with stage directions of speech, movement exits, entrances and sounds. A strategic illustration of this is the arrival of the Inspector instantaneously, subsequent to Mr Birling notifying Gerald about his imminent knighthood and regards of how ‘a man has to look after himself and his own. ’ The Inspector, the true mouth piece of Priestly adds a dramatic tone. The character is directed with the use of pace and tension and presents each idea and enquiry without conjunction, by observing and exposing each statement from an individual’s account. This method slowly throws light on the core of Eva’s life and the real effect of classes on a wider population. Inspector Goole is the eponymous character in An Inspector Calls’ by Priestley who has many functions. Primarily, he is introduced to the play to interrogate the Birling  Family  and Gerald Croft, but Priestley also uses him to move the plot forward and as a device for the writer to voice his opinion, furthermore he controls movement on stage, encourage the characters and audience to learn from their mistakes and to create moments of tension and mystery. The Inspector creates moments of tension in the play, mainly at the end of Acts One and Two where something happens and the audience is waiting for someone to confess their relation to the death. Inspector holds up a hand. We hear the front door. They wait, looking towards the door. Eric enters, looking extremely pale and distressed. He meets their inquiring stares. Curtain falls quickly. At this moment, the audience would be on the edge of their seat and because the Three Acts are continuous, this act change is just in the right place for creating a cliff-hanger. This also happens at the very end of Act one where I have quoted above, and these moments aren’t just at the end of the acts, they can also be in the middle caused by a passing comment. â€Å"Naturally I don’t know anything about this girl† claims Mrs Birling. Inspector â€Å"well, we’ll see, Mrs Birling†. This is just a very short sentence but it gives the audience a hint of what is to come next and that Mrs Birling has a connection to the death and they just want to find out what it is. I think the Inspector is very successful in putting Priestley’s point across and that he captures the audiences’ attention really well with his gripping speech. The Inspector is the creator of all of the drama, tension, intrigue and mystery in the play An Inspector Calls’ and he is used incredibly well to capture the audience’s attention. I think that Priestley, as well as using him as the main character in terms of development in the storyline, has really just used him to echo his own views. This is to give a rather obvious moral to this play saying that everybody’s actions affect everyone else and no one should be selfish as it could influence someone’s life greatly in a chain of events. Priestlys message is still relevant as the gap between the classes is ever increasing, How to cite An Inspector Calls 13, Papers

Downsizing has both positive and negative aspects. Essay Example For Students

Downsizing has both positive and negative aspects. Essay In most cases Ibelieve that the business benefits most. When downsizing occurs a companyis able to cut costs and reorganize, in essence becoming more efficient. This newfound efficiency in the long run benefits everyone becausecompanies are able to provide quality products at lower prices due tolowered production expenses. Certainly the employees who are dismissed in the process ofdownsizing do not immediately (if ever) benefit from the process. Havingyour employer view you as expendable is a tough blow to take, both to theego and to the pocketbook. Being laid off as a result of downsizing canhave its benefits, however. I always try to view things from an optimisticperspective. A door closing can be sign that a person should look inanother direction, because most likely another opportunity is awaiting. This is not always the case, as we saw in the events that occurred inconjunction with GMs off-shoring jobs from Flint, Michigan to Mexico. People in Flint were left with seemingly no options toward which to turn. The decision to downsize would be an extremely difficult one. Circumstancessurrounding the company would be vital considerations, as downsizing shouldnot be taken lightly. Many people are affected, and proper steps should betaken to ensure as seamless of a transition as possible. I agree withpoints brought up in chapter three of The Heroic Enterprise, one being thatservices should be provided to newly unemployed people to help them stay ontheir feet. Morale of remaining employees must also be maintained,providing assistance with what could possibly be additional workloads andresponsibilities due to the department downsizing. Private business can and does have a role in public education. It isdefinitely in the best interest of private companies to get involved withschool systems, as this will provide better qualified human capital forthem in the future. If people get the education and training they needwhile in school, companies will have less training to worry about (and payfor themselves) in the future. Private schools must obtain their own funding since it is notprovided by the state, as in the case of public schools. It does not makesense, however, for companies to only contribute to these private sectors. Only focusing on private schools severely limits the potential labor poolthat will exist when these children grow into working (at least hopefullyworking) adults. We know there is a great discrepancy between theeducations provided to students in most private schools, versus those inpublic school. As we saw in the PBS special about Ohio public schools,however, there are also drastic differences between public schools. These extremes need to be lessened. It would not be appropriate totake away from those children who are exposed to great possibilities, greattools and a plethora of available activities in their school environments. There must be something done to bring the bottom level schools up to par,though. Children in poor schools, exposed to decrepit buildings and measlymaterials are being shorted in terms of their education. This in term has adetrimental effect on their future possibilities. Children who begin withgreat potential learn that they are not valued enough to be well educatedin poor school systems. The big question here is funding. In most cases the dollars spent perpupil in suburban schools are much greater than the spending per pupil ininner city or rural schools. The American way implies that all people arecreated equal, so how can this be? Why does one child deserve less thananother because of where they live? The answer is that they do not, thatall children deserve the same treatment and opportunities. Unfortunately,making policy to solve this problem seems to be a difficult task. .u65af1c5fabb59f8c6a05fef786762551 , .u65af1c5fabb59f8c6a05fef786762551 .postImageUrl , .u65af1c5fabb59f8c6a05fef786762551 .centered-text-area { min-height: 80px; position: relative; } .u65af1c5fabb59f8c6a05fef786762551 , .u65af1c5fabb59f8c6a05fef786762551:hover , .u65af1c5fabb59f8c6a05fef786762551:visited , .u65af1c5fabb59f8c6a05fef786762551:active { border:0!important; } .u65af1c5fabb59f8c6a05fef786762551 .clearfix:after { content: ""; display: table; clear: both; } .u65af1c5fabb59f8c6a05fef786762551 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u65af1c5fabb59f8c6a05fef786762551:active , .u65af1c5fabb59f8c6a05fef786762551:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u65af1c5fabb59f8c6a05fef786762551 .centered-text-area { width: 100%; position: relative ; } .u65af1c5fabb59f8c6a05fef786762551 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u65af1c5fabb59f8c6a05fef786762551 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u65af1c5fabb59f8c6a05fef786762551 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u65af1c5fabb59f8c6a05fef786762551:hover .ctaButton { background-color: #34495E!important; } .u65af1c5fabb59f8c6a05fef786762551 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u65af1c5fabb59f8c6a05fef786762551 .u65af1c5fabb59f8c6a05fef786762551-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u65af1c5fabb59f8c6a05fef786762551:after { content: ""; display: block; clear: both; } READ: James Rockafeller EssayOne final issue raises questions in my mind as well. What do we dowhen spending is increased and the results still do not follow? This may bethe case in looking at Columbus public schools. Funding has been increasedand graduation rates are still much lower than desired. The problem may bebigger than funding. Money in education is extremely important but otherequally, if not more, important factors play into the situation. It takeseveryone to educate a child: parents, teachers and administrators. I am notsaying that good parents, teachers and administrators are not present inthe poorer school districts, but I do think that the best qualifiedcandidates for these jobs are going to