September 2010
Intermediate to advanced
388 pages
12h 9m
English
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10.5.9 Inventory Management
Traditionally, organisations have been following the concept of economic ordering quantity (EOQ) for effective inventory management.
The presence of excess inventory increases the risk of obsolescence and deterioration, increases the need for warehouse and shop-floor space, and by “pushing” parts through the assembly process encourages a number of wasteful practices.
Just in Time (JIT) inventory management embraces the philosophy of zero inventory in which elimination of waste is the central goal. JIT is a manufacturing system the goal of which is to optimise process and procedures by continuously pursuing waste reduction.
The benefits of JIT are as follows.
- Elimination of extraneous activities
- Less requirement of ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.