Just in time strategy

The result is that libraries no longer need to invest large sums of money for collections and collection maintenance in order to provide just-in-case access to standards. These flat-rate, subscription-based packages will provide a cost advantage only for standards from the most heavily used organizations. For most standards collections, a just-in-time strategy may be used to deliver downloaded standards to clients on demand. 

D) You decide to replace the part only after it fails, but with a different strategy. When the equipment fails, the first two days of the repair are spent disassembling the equipment and removing the broken part. Instead of having a spare part on hand, you decide to rush-order the part when it fails. The rush order costs 24,900 for the part plus 1,000 for special rush delivery. Calculate the profit and ROI for this just-in-time strategy during a year when the part is replaced once. 

In industrial markets, too, the same pressures on purchasing source loyalty seem to be at work. It is perhaps not surprising that as more and more companies adopt just-in-time strategies, with minimal inventories, they require even higher levels of response from suppliers. The demand is for ever shorter delivery lead times and reliable delivery. The pressure on suppliers is further increased as these same customers seek to rationalise their supplier base and to do business with fewer suppliers. Becoming a preferred supplier in any industry today inevitably means that a high priority must be placed on delivering superior customer service. 

As stated before, PGVL is too large to be fully enumerated practically. Therefore our strategy is to find a way to focus in a just-in-time manner on much smaller sub-regions ( 104) of PGVL for subsequent on-the-fly enumeration followed by standard similarity search against the same query molecule. It is intuitively evident that a virtual compound space built from parallel synthesis reaction protocols has inherent array structures in the form of implicit arrays of related just-in-time enumerated compounds, even if those compounds do not have their molecular structures yet enumerated at the time this inherent array structure is exploited. 

When we asked Dell founder, chairman, and CEO Michael Dell for his opinion, he replied, "Our supply chain has always enabled onr bnsiness strategy—that is true of the early days of just-in-time mann-factnring (the backbone of our direct model) to today s segmented and tightly integrated value chain that delivers a much broader portfolio of Dell solutions."... 

In order to cut costs, manufacturing firms are increasingly asking for "just-in-time" delivery of raw materials. Laboratories might well borrow this strategy. A quantity of hazardous chemical not ordered is one to which workers are not exposed, for which appropriate storage need not be found, which need not be tracked in an inventory control system, and which will not end up requiring costly disposal when it becomes a waste. 

The possibility of just-in-time (JIT) and shortest remaining shelf life (SRSL) strategies instead of FIFO. 

Lean manufacturing covers tools such as just-in-time (]TT), small inventory, zero defects, flexible production, small batches, and close technical cooperation with suppliers. Some of its advantages, such as reduction of defects and engineering changes, can facilitate implementation of a global purchasing strategy. 

Sohl [9] has stressed the advantage of a just-in-time (JIT) compounding strategy using adequate feedback control from NIR measurements for both the polyacetal and additive feeder the stabiliser level variations proved to be much smaller than the specification of the commercial product, even in situations of additive powder which shows clumping and bridging. 

The 5S methodology, as described in Hiroyuki Hirano s 5 Pillars of the Visual Workplace, is the foundation for making company wide improvements in both the production facility and the front office, so that the just-in-time production strategy of inventory management can be implemented. 

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