TAILIEUCHUNG - Lecture Production operations management: Lecture 24 - Osman Bin Saif

In this chapter, the following content will be discussed: Probabilistic models and safety stock, probabilistic demand, other probabilistic models, fixed period system, EOQ consequences, period order quantity model. | LSM733-PRODUCTION OPERATIONS MANAGEMENT By: OSMAN BIN SAIF LECTURE 24 1 Summary of last Session Lot-Sizing Techniques Extensions of MRP Material Requirements Planning II (MRP II) Closed-Loop MRP Capacity Planning MRP In Services Distribution Resource Planning (DRP) 2 2 Summary of last Session (Contd.) Enterprise Resource Planning (ERP) Advantages and Disadvantages of ERP Systems ERP in the Service Sector 3 3 Agenda for this Session Chapter: JIT and Lean Operations Global Company Profile: Toyota Motor Corporation Just-in-Time, the Toyota Production System, and Lean Operations Eliminate Waste Remove Variability Improve Throughput 4 4 Agenda for this Session (Contd.) Just-in-Time JIT Partnerships Concerns of Suppliers JIT Layout Distance Reduction Increased Flexibility Impact on Employees Reduced Space and Inventory 5 5 Agenda for this Session (Contd.) JIT Inventory Reduce Variability Reduce Inventory Reduce Lot Sizes Reduce Setup Costs JIT Scheduling Level Schedules 6 6 CHAPTER : JIT,

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• Production operations management
• Operations Management
• Production Management
• Lecture Production operations management
• Business strategy
• Modern production
• Production activity control