just-in-time manufacturing. join khalid aziz fresh classes icmap stage 3 cost accounting...

Just-In-TimeManufacturing

JOIN KHALID AZIZ

FRESH CLASSESICMAP STAGE 3COST ACCOUNTING

PERFORMANCE APPRAISAL18TH FEBRUARY 2010INDIVIDUAL & GROUPS

JOIN KHALID AZIZ

ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM.

FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA.

COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA.

CONTACT: 0322-3385752 0312-2302870 R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA,

KARACHI, PAKISTAN.

al-jamia BOOK HOUSE

MAXIMUM RANGE OF BOOKS ACCA, CAT, CA, ICMAP, PIPFA, CIMA, CISA,

CFA, CIA, BBA, B.COM, MBA, M.COM. NIPA CHOWRANGI, NADEEM MEDICAL

CENTRE, GULSHAN-E-IQBAL, BLOCK-6, KARACHI, PAKISTAN

021-34960746 0333-2249877

A Brief Overview

Central Themes Prerequisites for Implementation Just-In-Time Techniques A Brainstorming Exercise A Competitive Edge Major Misconceptions of JIT

A Brief Overview (cont’d.)

Goals of Just-In-Time Manufacturing Advantages of Just-In-Time Manufacturing How JIT Works A Real World Example An Exercise Summary

Just-In-Time Manufacturing:A Definition

Uses a systems approach to develop and operate a manufacturing system

Organizes the production process so that parts are available when they are needed

A method for optimizing processes that involves continual reduction of waste

Central Themes SurroundingJust-In-Time

Simplicity

Quality

Elimination of Waste

Prerequisites for JITImplementation

A Reason for Changing Executive Commitment Strategic Manufacturing Plan Commitment to Action

Just-In-TimeTechniques

Inventory Reduction as a Tool for Improvement Supplier Relationships Inventory “Pull” Uniform Plant Loading

Just-In-TimeTechniques(cont’d)

Reduced Setup Times Shop-Floor Layout and Production Cells Total Quality Assurance Preventive Maintenance

Brainstorming Exercise:

How can Just-In-Time Manufacturing be Effective in your Business?

A Competitive Edge

Integrating and Optimizing

Improve Continuously

Understanding the Customer

The Major Misconceptions of JIT

JIT is Only an Inventory Control System

It is a Method to “Push” Inventory Back to the Supplier

JIT is a Quality Control Program

Goals of Just-In-Time Systems

Design for Optimum Quality and Cost

Minimize resources needed for Design and Manufacturing

Be Responsive to the Customers Needs

Goals of Just-In-TimeSystems(cont’d)

Develop Trust and Open Relationships with Suppliers and Customers

Develop a Commitment to Improve the Total Manufacturing System

Advantages of JIT Manufacturing

Materials Cost Savings

Manufacturing Cost Savings

Sales Cost Savings

Elements in Materials Cost Saving

Reduction of Suppliers Long-term Contracts Reduce Order Scheduling Simplify Receiving

Systems

Eliminate unpacking Eliminate Inspection Eliminate inventory

Stocking Eliminate Excess Material

How Just-In-Time Systems Work

Requirements for JIT Manufacturing

Firm-wide Commitment

Knowledgeable Management

Requirements for JIT

Respond to Customer Requirements

Integrate all Processes in the Manufacturing System

Employee Participation in Meeting Commitments

Company wide Commitment to education

Eliminate redundancy Reduce all Inventory Establish Continuous

Improvement Goals

Requirements for JIT(cont’d)

Use a pull Production System

Design products for Manufacturing

Develop Controllable Production Processes

Have a Defect Prevention Program

Reduce Setup Times Build Products to

Specification

A Real World Example

The Toyota Production System

A JIT Exercise

Q: What are the three central themes surrounding Just-In-Time Manufacturing and why are they important?

Summary

A review of Just-In-Time Manufacturing Systems

JOIN KHALID AZIZ

ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM.

FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA.

COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA.

CONTACT: 0322-3385752 0312-2302870 R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA,

KARACHI, PAKISTAN.