Management and Organizational Studies 3330A/B Lecture Notes - Lecture 12: List Of Fables Characters, Toyota Production System, Production Leveling

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3330A/B
• Professor: jennifer

Document Summary

Lean (or just-in-time) production: integrated activities designed to achieve high-volume, high quantity production using minimal inventories of raw materials, work in process and finished goods. Anything a customer is willing to pay for: very consistent with market orientation putting customers at heart of process. The toyota production system: elimination of waste and respect for people: waste: anything not absolutely essential to production, waste from over production, waste of timing, transportation waste. Supply on demand or pull system approach: production only begins after a customer has placed an order (video) Example: just-in-time (kanban card) formula given ( know what the letters stand for: determining the number of kanbans (card sets or containers) needed based on the following. A bottling plant fills 2400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10% of expected demand. D = 2,400 bottles / 2 hours = 1200/ 60 minutes = 20 per minute.