The customer oriented market leaded to the growth of complexity of production and service processes. This growing complexity has increased the required logistics operations and leaded to the appearance of global supply chain strategies. There are several supply strategies, which are based on just-in-time philosophy and they are core tools of leaning. One of these JIT-based supply strategies is ...

In manufacturing, great gains in performance have been realized by a new production philosophy, which leads to "lean production". This new production philosophy is a generalization of such partial approaches as JIT, TQM, time-based competition, and concurrent engineering. In construction, lean production is little known. The concepts, principles and methods of lean production are reviewed, and ...

Many factors affect JIT implementation directly or indirectly. Factors such as product quality and lead time directly affect the implementation of JIT. On the other hand, factors such as work environment, working conditions, motivation, flexibility whether manufacturing or organizational affect JIT implementation indirectly, although their impact is no less important than those affecting direct...

Answers how much to order when to order. Reduced price when item is purchased in larger quantities.The first model we will present is called the economic order quantity EOQ. We will discuss two types of quantity discount contracts: all units discounts and.buy the lowest total cost quantity, save the buyer money and, in some cases, receive more goods. quantity discount model example When we buy ...

Inventory represents a significant investment of capital for most companies. Inventory ties up money that could be used more productively elsewhere. Thus, effective inventory management offers the potential for significant cost savings. Furthermore, quality, product engineering, prices, overtime, excess capacity, ability to respond to customers (due-date performance), lead times, and overall pr...