scholarly journals RFID Tracking Implementation for Supplier Chain Management at Toyota USA: Proposal of Development of Advanced TPS for Global Production Strategy

2021 ◽  
Vol 6 (2) ◽  
pp. p15
Author(s):  
Hirohisa Sakai ◽  
Vicente A. Castañeda
Keyword(s):  
Inventory Management ◽  
Cost Savings ◽  
Inventory Systems ◽  
Just In Time ◽  
Rfid Tag ◽  
Manufacturing Facility ◽  
High Productivity ◽  
Productivity Losses ◽  
Supplier Chain ◽  
Production Area

In order to achieve simultaneous, worldwide high quality assurance and other global production developments, Advanced TPS was proposed as a global production technology and management model, especially designed to realize high productivity and cost performance in global production. On this model, the inventory management is the key method at any manufacturing facility operating with Just-in-Time (JIT). On the other hand, the current inventory systems at manufacturing facilities do not provide real inventory data. So out-of-stock conditions sometimes have caused major productivity losses by causing the production line to stop. Therefore, the authors have proposed to create component inventory tool, which RFID tag can be replaced onto the containers with the trial parts and thus both the supplier and main manufacturing facility. This tool could provide constant feedback to ordering, logistics, and assembly conveyance groups in order to maintain and improve current JIT system. Concretely, this can also provide current information on components being shipped by the supplier and list what items are available in the production area by part number and supplier. The effectiveness of this proposal has been verified into Toyota Motor Manufacturing, Texas (TMMTX), which is unique for onsite supplier locations. This has been proven that RFID can prove to be an efficient tool with which to track inventory and generate cost savings.

scholarly journals From EOQ to JIT with Storage Consideration: Coordinating a Two Level Supply Chain

2021 ◽  
Author(s):  
Yohan Jeju John
Keyword(s):  
Supply Chain ◽  
Cost Savings ◽  
Inventory Systems ◽  
Just In Time ◽  
Order Quantity ◽  
Eoq Model ◽  
Penalty Costs ◽  
Equal Capacity ◽  
The Cost ◽  
Cost Factors

Many organizations are faced with a decision to choose between two inventory systems namely JIT (Just in Time) and EOQ (Economic Order Quantity). This thesis models the cost drivers into the EOQ model and extends it to the JIT scenario. They include cost savings like space, synergy of coordination, and other cost factors like rework and penalty costs. It looks at the total cost of the supply chain with two players and calculates space in terms of storage spaces of equal capacity. Results showed that considering space in EOQ brought savings to the chain. It has brought down the order quantity closer to, and many times equal to JIT ordering quantities. Coordination in the chain has brought further savings. Moving to JIT (ordering daily supply of demand) from the point, where space is accounted and there is coordination between the two levels, did not require much reduction in ordering costs.

scholarly journals From EOQ to JIT with Storage Consideration: Coordinating a Two Level Supply Chain

2021 ◽  
Author(s):  
Yohan Jeju John
Keyword(s):  
Supply Chain ◽  
Cost Savings ◽  
Inventory Systems ◽  
Just In Time ◽  
Order Quantity ◽  
Eoq Model ◽  
Penalty Costs ◽  
Equal Capacity ◽  
The Cost ◽  
Cost Factors

Many organizations are faced with a decision to choose between two inventory systems namely JIT (Just in Time) and EOQ (Economic Order Quantity). This thesis models the cost drivers into the EOQ model and extends it to the JIT scenario. They include cost savings like space, synergy of coordination, and other cost factors like rework and penalty costs. It looks at the total cost of the supply chain with two players and calculates space in terms of storage spaces of equal capacity. Results showed that considering space in EOQ brought savings to the chain. It has brought down the order quantity closer to, and many times equal to JIT ordering quantities. Coordination in the chain has brought further savings. Moving to JIT (ordering daily supply of demand) from the point, where space is accounted and there is coordination between the two levels, did not require much reduction in ordering costs.

Yoga as an Innovative Solution for Financial Growth of Companies

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Ipseeta Satpathy ◽  
B. Chandra Mohan Patnaik ◽  
Chandrabhanu Das
Keyword(s):  
Inventory Management ◽  
Internal Control ◽  
Positive Impact ◽  
Cost Savings ◽  
Well Being ◽  
Primary Data ◽  
Financial Health ◽  
Antibiotic Drugs ◽  
Lifestyle Diseases ◽  
The Impact

The existence of Yoga dates back to more than ten thousand years around India and all nations. The Hindu Mythology considers the genesis of Yoga by incorporating Lord Shiva as Guru and Goddess Parvati as Shishya. Gradually with the development of civilization mankind assessed the benefits of this spiritual discipline and different leaders propagated the Yoga in different ways.In this era of 21st century Baba Ramdev propagated the yoga sutras with simple and effective techniques. The Pranayam and Suryanamaskar are the popular routines practiced by many followers of Baba Ramdev. Today Yoga is practiced as a way of Living to prevent Lifestyle diseases, combat stress and rejuvenate self. Yoga has gained immense popularity over the years with July 21st being celebrated as International Yoga Day. Corporate are also now introducing Yoga for employees as a means to relieve their stress and improve productivity. Long Hours of sitting, standing and excessive use of electronic gadgets puts pressure on bones, joints and responsible for Lifestyle diseases. Yoga is now increasingly used as a wellness solution replacing high cost antibiotic drugs. Employee well-being leads to Cost Savings in terms of personnel by reduced payment of Insurance and Medical Bills. The paper studies the Impact of Yoga to Financial benefits in MSME Organizations in Odisha in light of three different perspectives of Internal Control, Inventory management and Cash Flow. The primary data was collected from a sample of 155 high profile finance executives working in the MSME sector. Ranking Table and Regression Analysis Methodology was used to derive meaningful conclusions. The research takes initiative to transform the effectiveness of Yoga into improved financial health for the Organization. The observation from the study interprets a positive impact of Yoga on good financial health of Organization.

Aligning the flow cytometric evaluation with the diagnostic need: an evidence-based approach

2017 ◽  
Vol 70 (9) ◽  
pp. 740-744 ◽  
Author(s):  
Dawn Williams-Voorbeijtel ◽  
Francisco Sanchez ◽  
Christine G Roth
Keyword(s):  
Clinical Care ◽  
Cost Savings ◽  
Value Added ◽  
Cost Effective ◽  
Just In Time ◽  
Evidence Based ◽  
Flow Cytometric ◽  
A Value ◽  
Screening Approach ◽  
Minimum Requirements

AimsElimination of non-value added testing without compromising high-quality clinical care is an important mandate for laboratories in a value-based reimbursement system. The goal of this study was to determine the optimal combination of flow cytometric markers for a screening approach that balances efficiency and accuracy.MethodsAn audit over 9 months of flow cytometric testing was performed, including rereview of all dot plots from positive cases.ResultsOf the 807 cases in which leukaemia/lymphoma testing was performed, 23 were non-diagnostic and 189 represented bronchoalveolar lavage specimens. Of the remaining 595 cases, 137 (23%) were positive for an abnormal haematolymphoid population. Review of the positive cases identified minimum requirements for a screening tube as well as analysis strategies to overcome the diagnostic pitfalls noted. It is estimated that 38% fewer antibodies would be used in a screening approach, representing an opportunity for significant cost savings.ConclusionsWe provide a framework for developing an evidence-based screening combination for cost-effective characterisation of haematolymphoid malignancies, promoting adoption of ‘just-in-time’ testing systems that tailor the evaluation to the diagnostic need.

scholarly journals O Método Kanban e sua Importância como Ferramenta de Qualidade na Gestão de Estoque / The Kanban Method and its Importance as a Quality Tool in Inventory Management

2020 ◽  
Vol 14 (51) ◽  
pp. 1060-1069
Author(s):  
Daniel Pereira Rocha ◽  
Larissa Ribeiro Pires ◽  
Josiano César De Sousa ◽  
Luciana Da Luz Rodrigues
Keyword(s):  
Inventory Management ◽  
Just In Time ◽  
Quality Tool

A concorrência vem elevando de forma considerável o desempenho das empresas no ato de gerenciar seus bens, sendo essencial que constantemente se procure meios de aprimorar o desenvolvimento do processo da administração de seus recursos. A cada dia as empresas vem procurando o aperfeiçoamento eficaz e o melhor método para sua evolução diante do mercado atual. Este artigo tem como objetivo apresentar os benefícios que traz a elaboração de um planejamento por meio do sistema kanban como ferramenta de qualidade na gestão de estoques para promover o controle do mesmo de forma eficaz e de acordo com a demanda de mercado almejada e foi elaborado utilizando uma abordagem qualitativa, através de uma revisão bibliográfica. Como resultado, foi possível constatar que o método kanban vem sendo adaptado para utilização em pequenas empresas e grandes organizações para a obtenção de vantagens competitivas no mercado globalizado e, tem sido uma ferramenta muito útil na busca pelo controle da produção, na gestão de estoque trazendo altos desempenhos e a obtenção de ótimos resultados. Palavras-Chave: método kanban, just-in-time, gestão de estoque.

JIT Inventory Management Strategy

2019 ◽  
pp. 57-74 ◽  
Author(s):  
Alan D. Smith
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategy ◽  
Economic Order Quantity ◽  
Just In Time ◽  
Order Quantity ◽  
Business World ◽  
Safety Stock ◽  
Operating Process ◽  
Strategic Approach

Implementing a just-in-time (JIT) inventory management strategy seems to be the latest hot topic in the business world, particularly in manufacturing industries. In today's competitive supply chain environment, more and more companies are either adopting JIT methodology or at least beginning to research and understand how JIT would affect their business. But what exactly is JIT? Many companies may be already putting into practice some of the concepts of JIT – such as looking at always improving or trying to reduce waste in terms of product or labor steps. Some companies may be fully ready to embrace a JIT operating process; yet, perhaps JIT is not the best choice for their business. The goal of this chapter is to develop a better understanding of JIT, from this history behind its inception to the various risks and benefits that relate to adopting JIT from an interdisciplinary/strategic approach to a transdisciplinary viewpoint. Those strategies, which include the basic methods of minimum stock, economic order quantity (EOQ), and Safety stock methods, are explored and explained in this chapter.

RFID Grouping-Proofs

2013 ◽  
pp. 89-119 ◽  
Author(s):  
Mike Burmester ◽  
Jorge Munilla
Keyword(s):  
Inventory Management ◽  
Radio Frequency Identification ◽  
Inventory Systems ◽  
Simultaneous Presence ◽  
Security Engineering ◽  
Threat Model ◽  
Advantages And Disadvantages ◽  
Information Leaflets ◽  
Grouping Proof ◽  
Frequency Identification

Radio Frequency Identification (RFID) is a challenging wireless technology with a great potential for supporting supply and inventory management. In this chapter the authors consider a particular application in which a group of tagged items are scanned to generate a record of simultaneous presence called a grouping-proof. Grouping-proofs can be used, for instance, to guarantee that drugs are shipped (or dispensed) accompanied by their corresponding information leaflets, to couple the user’s electronic passport with his/her bags, to recognize the presence of groups of individuals and/or equipment and more generally to support the security of supply and inventory systems. Although it is straightforward to design solutions when the verifier is online since it is sufficient for individual tags to authenticate themselves to the verifier, interesting security engineering challenges arise when the trusted server (or verifier) is not online during the scan activity. So, the field of grouping-proofs is very active, and many works have been published so far. This chapter details the setting for RFID grouping-proofs and discuss the threat model for such applications. The authors analyze some of the grouping-proofs proposed in the literature describing their advantages and disadvantages. Then, general guidelines for designing secure grouping-proofs are proposed. Finally, some examples of grouping-proofs that are provably secure in a strong security framework are presented.

Significant Clinical Practice Cost Savings Through Downsizing Office Supply Inventory and Just in Time Ordering

2006 ◽  
Vol 176 (1) ◽  
pp. 267-269 ◽  
Author(s):  
Chris M. Gonzalez ◽  
Tom Jang ◽  
Melanie Raines ◽  
Thomas Z. Lys ◽  
Anthony J. Schaeffer
Keyword(s):  
Clinical Practice ◽  
Cost Savings ◽  
Just In Time ◽  
Practice Cost

scholarly journals СОВЕРШЕНСТВОВАНИЕ ГИДРОМЕЛИОРАТИВНЫХ МАШИНС  АВТОМАТИЗАЦИЕЙ ПРОЦЕССА ПОЛИВА

2019 ◽  
Author(s):  
A. Akhtyamov ◽  
A. Ryazantsev ◽  
O. Gavrilina ◽  
A. Boyko ◽  
S. Borychev ◽  
...  
Keyword(s):  
Low Cost ◽  
Economic Effect ◽  
Hydraulic Drive ◽  
Cost Savings ◽  
Practical Implementation ◽  
High Productivity ◽  
Low Degree ◽  
The Cost ◽  
Positive Results ◽  
Horizontal Arrangement

Целью исследования являлось теоретическое обоснование и практическая реализация нового способа полива гидромелиоративной машиной Фрегат с гидроприводом на сложном рельефе с минимальными затратами на модернизацию и энергозатратами. Объектом исследования является экспериментальный кранзадатчик скорости, устанавливаемый на гидромелиоративную машину. Исследования проводились в сравнении с показателями машин серийного производства. В ходе исследования было установлено, что существующая технология полива не отвечает необходимым требованиям гидромелиорации и имеет низкую степень экономической эффективности. Предлагаемая технология полива решает вопрос неравномерного распределения влаги по площади, повышает урожайность и снижает стоимость обслуживания машины вследствие уменьшения числа поломок. Имеющиеся модернизации дождевальной машины (ДМ) Фрегат , позволяющие работать по предлагаемой технологии, сложны по конструкции, ненадежны и имеют относительно высокую стоимость модернизации и сезонного обслуживания. С целью увеличения экономии средств и упрощения процесса модернизации серийных машин был разработан и протестирован кранзадатчик скорости, позволяющий снизить риск эрозии почв, застревания колес тележек и, тем самым, простой машины с необходимостью ее ремонта. Главной особенностью экспериментального краназадатчика скорости является его горизонтальное расположение относительно тележки. Два плеча с увеличенной длиной позволяют задавать поливную норму путем касания вех в начале каждого сектора, где необходимо сменить скорость движения машины. Таким образом, происходит регулирование поливной нормы, выдаваемой машиной при ее движении по орошаемой площади. Получившийся экономический эффект позволяет утверждать о положительных результатах в проведенных исследованияхThe aim of the research is the theoretical justification and practical implementation of the new method of irrigation irrigation and drainage machines Frigat with hydraulic drive for complex tasks of modernization and energy consumption. The object of the study is an experimental speedadjusting crane installed on a water reclamation machine. The studies were conducted in comparison with indicators of machine production. In the course of research it was found that the existing technology does not meet the requirements of irrigation and drainage and has a low degree of economic efficiency. The issue of uneven distribution of the owner by area, high productivity and low cost of maintenance is being addressed. DM Frigat, which allows you to work on the proposed technologies, does not require the cost of modernization and seasonal maintenance. In order to increase cost savings and develop new models of machines, a speed control crane has been developed and tested to reduce the risk of machine destruction. The operation of the trolley is the horizontal arrangement of the trolley. The speed of the machine can be increased. Thus, regulation of the irrigation rate occurs. The resulting economic effect allows us to argue about the positive results in the studies

scholarly journals Improving the Management of Storage Stock in the Tire Industry Using the Example of a Selected Company

2020 ◽  
Vol 3 (1) ◽  
pp. 548-558
Author(s):  
Iwona Żabińska ◽  
Paulina Czaplicka-Kalaman
Keyword(s):  
Inventory Control ◽  
Inventory Management ◽  
Just In Time ◽  
Stored Products ◽  
Passenger Cars ◽  
Tire Industry ◽  
Company Stock ◽  
Inventory Management System ◽  
High Standards ◽  
Strong Market Position

AbstractIn a well-organized company, stock levels are precisely planned. In order to optimize inventory, various analyses of inventory usage are carried out in terms of them quantity and status. The work presents research on improving the method of managing inventory in the tire industry using the example of a selected company. The company operates warehouses in which tires for passenger cars and vans are stored. Products stored in warehouses ensure high standards. The company focuses on individuality and has a strong market position. The paper presents the results of the ABC and XYZ analysis that allow grouping tires by demand, value and number. The criteria for choosing the ABC/XYZ method are a simple way of use and low financial outlays, in contrast to such methods as MRP or just in time. Furthermore, calculations of such standards as rotation ratios for individual seasons and optimal inventory were carried out. The rotation indicator allows determine which goods are sold quickly and which goods are selling poorly, and therefore the costs associated with their storage are probably higher than from the sale of profits. As a result of the analysis, improvements were made to the inventory management system. The implementation of the proposed methods and tools for inventory management allowed the company to eliminate unnecessary inventories, reduce storage costs and minimize inventory control.

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