Just In Time and Forecasting

May 12th, 2015
Business Finance
Price: $20 USD

Question description

Answer both questions with 700-800 words per question in APA format with in text citations.

Discussion Question 1

Just-in-Time as a continuous process improvement program details seven wastes that take away from the profitability and efficiency of a company. Discuss examples of each of these seven wastes. Try to use a different example for each waste. Additionally, for each example, explain how the waste is adversely affecting the company and what can be done to remedy the situation.

Discussion Question 2

Forecasting obviously has impacts on the entire supply chain. As supply chains become more "Lean," discuss the effects of the bullwhip concept on lean supply chains. Is there a correlation between Lean and Just-in-Time and forecasting? Justify your answer with examples.

Tutor Answer

(Top Tutor) Josphat M
School: Carnegie Mellon University

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