You have been invited to address the Students In Free Enterprise (SIFE) team of your alma mater. The topic the team has chosen is the just-in-time philosophy in terms that beginning business students can readily comprehend. The meeting is taking place

in the college cafeteria. Reservations and menu choices have been made in advance. It has been suggested that you use that setting as an example of the implementation of a JIT operating system. It will also be beneficial if you indicate in your talk some instances where JIT would be less suitable in the college food services situation. What will you say?


Just-in-time is an overall operating philosophy that aims at eliminating waste of materials, labor, and space. This is accomplished largely by reducing inventories to save space, avoiding spoilage, and improving cash flows. The managers of the college cafeteria knew how many people were attending this function and therefore were able to purchase the correct amounts of food and arrange for staffing for the event. The JIT work environment is more difficult to apply to a cafeteria when it is providing meals that have not been preordered and when there is a less predictable number of customers with a wide range of tastes.

Business

You might also like to view...

If one asset is traded in on the purchase of another similar asset, a trade-in allowance may be granted

Indicate whether the statement is true or false

Business

Which of the following would be included as manufacturing overhead for a manufacturing company?

A) direct materials cost B) indirect materials cost C) direct labor D) advertising

Business

Answer the following statement(s) true (T) or false (F)

1. Lewin’s force field analysis model states that the drivers for change must be stronger than the restraining forces in order for the change to work. 2. The three stages of Lewin’s basic change model are Unfreezing, Reconstructing, and Refreezing. 3. Intrapreneurship and management change are both external forces for change. 4. Demographic characteristics and technological advancements are both external forces for change. 5. The two main sources of resistance to change, as stated in the textbook, are individual and organizational.

Business

Many firms in a particular industry strive to have very similar capital structures

Indicate whether the statement is true or false

Business