Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
Manufacturing companies are confronted today with an array of new systems to improve production efficiency. Chief among these are: materials requirements planning (MRP), kanban (the Japanese just-in-time system), Israel''s optimized production technology (OPT), and the latest approach, flexible manufacturing systems (FMS). A rundown of each methodology explains strengths, weaknesses, and trade-offs to help managers choose a system to match their needs. Examples of applications of each system worldwide are included.
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Abstract
Manufacturing companies are confronted today with an array of new systems to improve production efficiency. Chief among these are: materials requirements planning (MRP), kanban (the Japanese just-in-time system), Israel''s optimized production technology (OPT), and the latest approach, flexible manufacturing systems (FMS). A rundown of each methodology explains strengths, weaknesses, and trade-offs to help managers choose a system to match their needs. Examples of applications of each system worldwide are included.