Friday, 8 April 2016

Just In Time

Just In Time system are design to achieve a smart flow of production using minimal inventory.
JIT refers to both production and control system in which work flows are scheduled so precisely that only the smallest quality of work in progress will be kept in the stages of production.

Wednesday, 6 April 2016

Inventory management

Pareto Analysis (ABC analysis)

ABC analysis is a stock-classification system that uses three categories to classify the different items kept in a store. Categories (A, B, C): A being the most valuable items, C being the least valuable ones.

Monday, 4 April 2016

Control chart (x̅ and R chart)

X-bar and R charts help determine if a process is stable and predictable.



The X-bar chart shows how the mean or average changes over time.

The R chart shows how the range of the subgroups changes over time. It is also used to monitor the effects of process improvement theories