Dr Nick

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About Dr Nick

Levels Tought:
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Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 2 Days Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 21 Jun 2017 My Price 12.00

Accommodate for quality issues;

Many companies build up their inventory levels to:

  1. Accommodate for uncertainties in demand;
  2. Take advantage of economies of scale;
  3. Accommodate for unreliable suppliers;
  4. Accommodate for quality issues;
  5. Accommodate for production and scheduling errors.

Yet, JIT and Lean Manufacturing philosophies state that inventory is considered waste and should be eliminated as much as possible.

  1. Please make a post which makes the case for building up inventory levels.
  2. Please make a second post which makes the case for using JIT & Lean Manufacturing to eliminate as much inventory as possible.
  3. Please make a third post in which you choose a company (or industry) and discuss which of these inventory methodologies you would follow and why.

Answers

Dr Nick
(4)
Status NEW Posted 21 Jun 2017 06:06 PM My Price 12.00

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