Transport and Inventory Management Essay Example | Topics and Well Written Essays - 3000 words

Transport and Inventory Management - Essay Example The fundamental concept of supply chain management (SCM) is one of the oldest concepts in the world of management. Almost 50 years ago, it was first introduced by Forrester (Mentzer, 2001). It has become one of the most popular and most widely researched concepts for the last ten years. According to Monezka and his colleagues the primary objective of supply chain management concept is â€Å"to integrate and manage the sourcing, flow and control of materials using a total systems perspective across multiple functions and multiple tiers of suppliers† (Mentzer, 2001). It is one of most important aspects in today’s business environment as it is a crucial component of overall value chain. This actually means supply chain is directly related to the aspects like customer satisfaction and value. In fact the main ‘purpose of supply chain management is improving customer satisfaction and value’ which is the main aim of a business organisation (Mentzer, 2001). Any sup ply chain is consisted of five main areas which are production, inventory, transportation, information and location. The effectiveness and efficiency of a company’s supply chain is dependent on the effectiveness and efficiency of these five areas. This paper focuses on two of these five factors, production and inventory. These two areas are analyzed in the context of Toyota which is one of those rare companies that are global renowned for their supply chain management. The paper provides a clear idea about the Toyota’s production system as well as its inventory management system. Moreover it also shows the way in which Toyota has identified and dealt with the capacities and limitations of its production system and inventory system. Production and inventory are two of the most fundamental concepts in the field of business operations. At the present business environment which is intensely competitive, efficient and effective production system as well as inventory system is the key

HNC Summer School Project Briefing (Mechanical Engineering) Essay

HNC Summer School Project Briefing (Mechanical Engineering) - Essay Example expected limit, the automatic system through its sensors will be able detect the change in temperature and automatically activates the coolants to propel in order to decrease the temperature. The project outline and describes the design and the working principles of an automatic cooling system. The design of a cooling system will encompass the use of sensors to control the temperature change as well as the use of a thermistor. Primarily, a thermistor is a kind of resistor whose resistance varies or fluctuates due to temperature change. The thermistor consists of a sensitive material which is able to detect even small changes of temperature variation. The change in temperature will be converted to electrical signal and carried to the amplifier. The amplifier then augments the electric signal and send it to the comparator. At this juncture, analysis is done by the comparator by comparing both the input signal and the reference signal. Principally, the relay device is activated when the input signal is larger than the reference signal which control temperature at different capacity levels. Likewise, the propeller is deactivated by the relay device when the temperature drops gradually below the limit. This process will be repeated continuously as long as there is a temperature change. Fundamentally, Manufacturing, industrial and mechanical machines or other appliances are ineffective in one way or another but majorly due to heating effect due to lack or inadequate coolants. These machines are subjected to heating effect while under operation. Sometimes the heating effect might be too high and unmanageable interfering with the operation of the machine thus can lead to inefficiencies. The heating effect lowers the effectiveness of the machines at the same time increasing the operational and maintenance costs (Allen and Lasecki, 2001). Most of the coolers which have been used since time in memorial requires more manpower to operate and are time consuming. Introduction