m2l4 - Spring 2008 Module 2 Production & Quality...

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David Robinson © D. Robinson, 2007 Spring 2008 Module 2 Lecture 4: Production II: Gant Charts
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Project Management & Control Current issues in production Speeding up a process Sequence of complex activities Gantt charting
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Some contemporary issues in Production
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Contemporary Issues in Production 1. Just In Time (JIT) manufacture (remember the FedEx “Way the world works” commercial) Avoids the “evils” of inventory: Carrying costs Obsolescence Shrinkage and spoilage Responsive to customers
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Contemporary Issues in Production 1. Just In Time (JIT) manufacture Smaller, more frequent deliveries Very close relations with suppliers Tolerate the line being “idle” What use do good firms make of this? Watch out for “Safety stock” Clearly there are tradeoffs [See Reader article “You can’t always have. ..”]
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Contemporary Issues in Production 2. Flexible Manufacturing Set up factory to do multiple tasks Often computer-controlled Brings the efficiencies of a production- line to batch (even one-off!) jobs Changeover time is the key
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Using the techniques of mass-production to produce unique goods for individual customers Example, “Levi’s Fit”
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m2l4 - Spring 2008 Module 2 Production & Quality...

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