Question

Just-in-Time (JIT)" Please respond to the following (half page):

- Develop three examples that illustrate how a manufacturing company of your choice uses JIT, and then determine three to four benefits of JIT for that particular organization. Provide specific examples to support your rationale. 
- Develop three examples that illustrate how a servicing company of your choice uses JIT, and then determine three to four benefits of JIT for that particular organization. Provide specific examples to support your rationale.

"Forecasting" Please respond to the following (half page):

- Defend the benefits of the Delphi Method, and suggest two to three situations in which your past or current employer should have used it. Provide specific examples to support your rationale.
- Compare and contrast the primary differences between a time-series model and a casual model. Debate two advantages and two disadvantages of each model. Provide specific examples to support your rationale.

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1) JIT – JUST IN TIME

JIT manufacturing is a powerful and proven system of efficient production while keeping costs low. Some of the most successful companies in the world have used this philosophy in order to improve their manufacturing processes and better meet customer demand.
Companies that have successfully implemented JIT include Toyocta, Dell and Harley Davidson.

a ) Toyota is considered by many to be the poster child for JIT success. The Toyota production strategy is highlighted by the fact that raw materials are not brought to the prodution floor until an order is received and this product is ready to be built. No parts are allowed at a node unless they are required for the next node, or they are part of an assembly for the next node. This philosophy has allowed Toyota to keep a minimum amount of inventory which means lower costs. This also means that Toyota can adapt quickly to changes in demand without having to worry about disposing of expensive inventory.
Benefits: Small amounts of raw material inventory must be kept at each node in production, so that production can take place for any product. These parts are then replenished when they are used. Accuracy of forecasting is important so the correct amount of raw materials can be stocked.

b) Dell has also leveraged JIT principles to make its manufacturing process a success. Dell’s approach to JIT is different in that they leverage their...

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