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Unformatted text preview: Nick Nguyen Dr. Bellamy Accounting 2 February 28, 2011 E-Portfolio 1. JIT production process: Just in time is a pull system of production, so actual orders provide a signal for when a product should be manufactured such as in the correct quantity and at the correct time. Lean Production management approach: Lean production is an assembly-line methodology developed originally for Toyota and the manufacturing of automobiles. It is also known as the Toyota Production System or just-in-time production. Traditional approach (or the push approach): an approach to the generation of new product ideas in which a company's strengths rather than market needs are given prime emphasis. Traditional approach focuses on the company's ability to produce instead of what the market's or consumer's needs or wants. In order to compete with other competitors, a need for change from the traditional approach appeared....
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This note was uploaded on 09/04/2011 for the course ECON 161 taught by Professor Jamesbaker during the Fall '11 term at University of Houston.
- Fall '11