Just in Time

Examples of Just in Time in the following topics:

• Just-in-Time Technique

  • Just in time (JIT) is a production strategy that strives to reduce in-process inventory and carrying costs in a manufacturing system.
  • Just in time (JIT) is a production strategy striving to improve a business return on investment by reducing in-process inventory and associated carrying costs.
  • Just-in-time operation can leave suppliers and downstream consumers open to supply shocks and large supply or demand changes.
  • In addition, very low stock levels means shipments of the same part can come in several times per day.
  • Discuss the benefits and disadvantages of using a Just-In-Time (JIT) inventory system

• Special topic: just-in-time and lean systems

  • Just-in-time (JIT) is a management philosophy that originated in the 1970s.
  • Taiichi Ohno is credited with developing JIT and perfected it for Toyota's manufacturing plants in Japan.
  • Non-value-added activities are referred to as "waste" in JIT.
  • Inventory covers up a lot of wasteful practices (poor equipment, weak vendors, bad quality, long setup times, etc.).
  • These improvements permit the organization to operate with less inventory, less costs, and faster response times in meeting customer needs.

• Introduction

  • understand three of the most important operations management practices: Total Quality Management, Supply Chain Management, and Just-in-Time/Lean Operations

• Time Pressure as a Barrier to Decision Making

  • Just as individual characteristics and cognitive biases can shape decision making, time pressure can also distort how we consider and choose between alternatives.
  • All decisions are time-bound in the sense that we do not have an infinite amount of time to make a selection.
  • Clearly defining the decision and its parameters early on can reduce ambiguity and make it easier to hone in on relevant data.
  • In many instances, the use of heuristics can be applied to complex decisions to serve as shortcuts in conducting analysis and weighing alternatives.
  • Explain the way in which time pressure can influence decision making

• Avoiding Plagiarism When Using the Internet

  • In short: don't.
  • When pressed for time with a looming deadline, you might think a quick copy and paste of a few sentences here or maybe a paragraph there might be an easy solution.
  • Plus—on a very plain note—it's just not cool.
  • It's just bad intellectual form.
  • In the age of the Internet, as easy as it can be to just lift something from a relevant but obscure source via Google, it's equally as easy to get caught plagiarizing the words of others .

• Defining Finance

  • There are many different types of finance, but all are fundamentally concerned with studying how best to allocate assets in different conditions over time.
  • Time value of money: For a number of reasons, money today is worth more than the same amount of money in the future.
  • We will explore this concept in greater depth later on.
  • There is a risk that the person will just take the money and run, the debtor will file for bankruptcy, or, for dozens of other reasons, the bank will not get the money they lent back.
  • Finance says, "Since I know assets change value over time, how do I use that to cause my assets to change value in the direction I want?

• Efficient buildings increase profits

  • Financial savings in terms of lower energy needs are not the only benefit provided by energy-efficient buildings.
  • An increase in patient recovery rates and reduced hospital staff stress,
  • These types of improvements have not just been recorded in the United States.
  • The Canada Green Business Council drew similar conclusions when it discovered that the introduction of natural daylight raised productivity 13% in Canadian businesses, increased retail sales by up to 40%, and helped improve school test scores by as much as 5%.
  • (Laudal, Terry, ‘The Deeper Benefits of Going Green: More than Just Buildings')

• Announcing Releases

  • Announcing a release is like announcing any other event, and should use the procedures described in the section called "Publicity" in Communications.
  • Giving the link to the digital signature files multiple times doesn't make those signatures more secure, but it does reassure people (especially those who don't follow the project closely) that the project takes security seriously.
  • In the announcement email, and on news pages that contain more than just a blurb about the release, make sure to include the relevant portion of the CHANGES file, so people can see why it might be in their interests to upgrade.
  • Finally, don't forget to thank the development team, the testers, and all the people who took the time to file good bug reports.
  • Just be wary of sliding down the slippery slope of credit inflation (see the section called "Credit" in Managing Volunteers).

• Don't Just Do Something-Sit There!

  • Yogi Berra once said "You can observe a lot just by watching."
  • Just wait.
  • Just become quiet and still and solitary.
  • She's always complaining that I don't spend enough time with her.
  • In the long run, taking the time in business to clear our minds for thoughtful action may pay off in the form of positive results.

• Hidden poisons

  • Just as worrisome as a product's trail of waste is the amount of toxins that are found in – or are used to make – everyday products.
  • Moreover, the average PC consumes ten times its weight in hazardous chemicals and fossil fuelsto complete its production (in India and China alone, about 70% of arsenic, lead, cadmium, chromium, cobalt, mercury and other heavy-metal pollutants come from electronic waste created just by computer manufacturers).