MBA SEMISTER - 2
MB 0044 Production & Operations Management Assignment Set-1
Q-1 Explain the brief origins of Just In Time. Explain how JIT is implemented.
Brief Origins of Just-In-Time (JIT) :
Just In Time (JIT) manufacturing is a process by which companies
don’t keep lots of excess inventory; instead, they m
anufacture a product as an order comes in. It is a managementphilosophy of continuous and forced problem solving.
The objective of JIT manufacturing system is to :
waste that is, minimise the amount of equipment, materials, parts, spares and worker’s time, which
adds a great value to the product.
Increase productivity.JIT means making what the market demands when it is in need. It is the most popular systems that incorporate thegenetic elements of lean system. Lean production supplies customers with exactly what the customer wants. When theconsumer wants, without waste, through continuous improvementDeploying JIT results in decrease of inventories and increase the overall efficiencies. Decreasing inventory allows reducingwastes which in turn results in saving lots of money. There are many advantage of JIT.. Just In Time,
Increases the work productivity
Reducing operating costs
Improves performance and throughput
Increases flexibility and innovativenessFor industrial organisations to remain competitive, cost efficiencies have become compulsory. JIT helps in this process. It isextended to the shop floor and also the inventory systems if the vendors. JIT has been extended to mean continuousimprovement. These principles are being applied to the fields of Engineering, Purchasing, Accounting and Data Processing.However, for organisations to completely implements JIT manufacturing system, they need to have a proper commitmentalong with the following basic facilities--Proper Material -Quality -Equipment and people involvement.
Implementation of JIT:
JIT, Total Quality Management and other developmental measures, are possible onlywith top management commitment and a learning culture in the organisation. The main handicap to any programme is theresistance by the organisational members, even at the top, to make changes. This resistance may take the form of non-cooperation and may enlarge to become sabotage. These usually show u at the implementation stage. So, communicationof the goals is to be realised and the objectives of each team are to be framed effectively, initially, a milestone chart helpsin establishing various steps to be taken and correcting the activities as the process is on. This is the best way of ensuringsusses. It is well to remind you at this stage that JIT is not a destination, but an ongoing continuous improvementprogramme in the process of achieving TQM.
Q-2 Bring out the historical background of Value Engineering. Elucidate three companies which have incorporated VEwith brief explanation.
A-2 Historical Background of Value Engineering (VE)
Value Engineering is a methodology by which we try to find substitutes for a production or an operation.The concept of
value engineering originated
Second World War.
It was developed by the General ElectricCorporation (GEC). Value Engineering has gained
due to its potential for gaining high Return on Investments
. This methodology widely used in business Re-engineering, Government Projects, Automakers, Transportation andDistribution, industrial Equipment, Construction, Assembling and Machining Processes, Health Care and EnvironmentalEngineering and many others. Value engineering (VE) process calls for a deep study of a product and the purpose for suchit is used, such as the raw material used; the processes of transportation; the equipments needed, and many others. It alsoquestions whether what is being used is the most appropriate and economical. The applies to all aspects of the product.
Incorporated Value Engineering (VE)
T.V. Sundaram lyenger & Sons (TVS) Limited is one of the largest automobiles distribution companies inIndia.