Matthew W Ford
Northern Kentucky University College of Business

 

 

Courses:
MGT 305
MGT 307
MGT 415
MGT 490
FIN 450

Research

Service

 

Student
Resources:
Memos
ModelMemos
Resumes
% Diff
Tables
Graphs
Citations
QC .xls
QCformulas
Minyanville

Home

Just-In-Time Operations (Updated 11/05/2012 11:31 AM)

Many regard Toyota as the master of JIT.  This older but still instructive (relative to JIT) Business Week article about Toyota provides some insight.  (Note the frequent references to the Georgetown facility)

Answer the following questions:

1) What is kaizen

2) Provide two examples of how Toyota has applied kaizen to its operations.

3) JIT philosophy is often operationalized by pursuing objectives known as the "Seven Zeros":

  1. Zero lead times
  2. Zero excess batch size
  3. Zero order costs
  4. Zero defects
  5. Zero process breakdowns
  6. Zero handling
  7. Zero surging (i.e., reduce peaks and valleys in demand)

 Using info from the article, explain how Toyota expresses two of the Seven Zeros in its operations.

4) As Toyota implements new process innovations, how easy will it be for competitors to copy these advancements?  Explain.

Submit your answers in memo format, although you may answer these questions as they are numbered.

 

Site maintained 1999-2013 by Matthew W. Ford.