Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 12, Problem 6DQ
Summary Introduction

Interpretation:

The lean principle of level scheduling implies the finished goods inventory whether this is the contradiction to the philosophy of lean.

Concept Introduction:

Lean manufacturing or lean production refers to the system of technique and activities for operating production and service operations. The core principles of this system are to minimize and eliminate non-value adding waste and activities.

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Explain the concept of just-in-time inventory management and its relationship to the lean production concept.
Describe the difference between carrying and stockout costs and Look up what are the different wastes of lean. Which of the wastes can occur within the inventory management process?
Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching board assembly lines. Determine the size of the kanban for subassemblies and the number of kanbane needed. Setup cost Annual holding cost Daily production Annual usage Lead time Safely stock $30 $125 per subassembly 20 subassemblies 2.500 (50 weeks x5 days each x daily usage of 10 subassemblies) 10 days 4 days' production Kanban container size=units (round your response to the nearest whole number) Number of kanbans needed kanbans (round your response to the nearest whole number)
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