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Initially conceptualized as an approach to reduce lead time and decrease inventory within a manufacturing plant (Schonberger 1982), JIT has expanded to include a broader set of production and purchasing practices (Kaynak and Hartley 2006; Fullerton et al. 2003; White et al. 1999; Schonberger and Ansari 1984; Hahn et al. 1983; Schonberger and Gilbert 1983).
Initially conceptualized as an approach to reduce lead time and decrease inventory within a manufacturing plant (Schonberger 1982), JIT has expanded to include a broader set of production and purchasing practices (Kaynak and Hartley 2006; Fullerton et al. 2003; White et al. 1999; Hahn et al. 1983; Schonberger and Ansari 1984; Schonberger and Gilbert 1983).
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Suppliers sometimes offer special sale prices to decrease inventories of certain items (Kim and Hwang 1989; Taleizadeh et al. 2010b, 2012, 2013a; Duan et al. 2010).
Initial production at the Hartford City plant continued until June, when the works was shut down to decrease inventories.
Even with decreasing inventory and increasing prices, sales continued strong -- although they were lower in 2000 than in the year before.
He has also been instrumental in decreasing inventory and instituting cost controls, which raised margins and put the company solidly back in the black.
Cross-docking is a logistic concept, which plays an important role in supply chain management by decreasing inventory holding, order packing, transportation costs and delivery time.
In fact, the price of increased flexibility and decreased inventory costs in MTO systems may be the increased response times and/or a need for maintaining the higher production capacity to accommodate the demand shifts (Hopp and Spearman 2011).
To add some punch to these accomplishments, Intel will not only significantly outgrow the total semiconductor market, in Q3 it reported the highest gross and operating profit margins we've seen since Q4 2005, and did so while decreasing inventory levels from 82.9 days to 68.1 days, the lowest we've seen since Q3 2005.
For instance, the high number of underwater borrowers — or those homeowners who owe more on their mortgages than their homes are worth — actually served as a boost to the market rather than being a drag, as people kept their homes off the market, decreasing inventory.
In 2009, I was decreasing inventories.
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