5.5 Production Planning

Assessment Objectives
The supply chain process	AO2
The difference between JIT and just-in-case (JIC)	AO2
Stock control charts based on the following: Lead times Buffer stocks Re-order levels Re-order quantity	AO2, AO4
Rate of capacity utilisation	AO2, AO4
Rate of productivity	AO2, AO4
Cost to buy (CTB)	AO2, AO4
Cost to make (CTM)	AO2, AO4

• Just-In-Time Manufacturing Definition – a short video explanation of the supply chain.

• Just-in-time – an article from The Economist on the evolution of JIT and how it relates to Kanban.

• Pros & Cons of the JIT Inventory System – a brief article explaining JIT and outlining the pros and cons.