GMS 401 Lecture Notes - Lecture 3: Operations Management, Lean Manufacturing, Overproduction

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Kalinga Jagoda

Document Summary

Jit partnership: when a supplier and purchaser work together with open communication and a goal of removing waste and driving down costs. Jit partnerships are: removal of unnecessary activities, removal of in plant inventory, removal of in transit inventory, obtaining improved quality and reliability. Good production systems requires that managers address three issues that are persuasive and fundamental to operations management: eliminate waste, remove variability, improve throughout. Jit: continuous and forced problem solving via a focus on throughput and reduced inventory, emphasizes forced problem solving. Tps: emphasizes continuous improvement, respect for people, and standard work practices, emphasizes employee learning and empowerment in an assembly line environment. Lean production: supplies the customer with their exact wants when the customer wants it without waste, emphasizes understanding the customer. Waste: anything that does not add value from the customers point of view. Storage, inspection, delay, waiting in queues, and defective products do not add value and are 100% waste.