GSCM 206 JIT at Arnold Palmer Hospital

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GSCM 206 JIT at Arnold Palmer Hospital
Stockbrokers drive inventory down to nearly zero every day. Most sell and buy orders…

 

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GSCM 206 JIT at Arnold Palmer Hospital

GSCM 206 JIT at Arnold Palmer Hospital

A+ Case Study

Questions

Stockbrokers drive inventory down to nearly zero every day. Most sell and buy orders occur on an immediate basis because an unexecuted sell or buy order is not acceptable to the client. A broker may be in serious trouble if left holding an unexecuted trade. Similarly, McDonald’s reduces inventory waste by maintaining a time-stamped finished-goods inventory of only a few minutes; after that, it is thrown away. Hospitals, such as Arnold Palmer (described in this chapter’s Video Case Study), manage JIT inventory and low safety stocks for many items. Even critical supplies such as pharmaceuticals may be held to low levels by developing community networks as backup systems. In this manner, if one pharmacy runs out of a needed drug, another member of the network can supply it until the next day’s shipment arrives….

What do you recommend be done when an error is found in a pack as it is opened for an operation?

How might the procedure for custom surgical packs described here be improved?

When discussing JIT in services, the text notes that suppliers, inventory, and scheduling are all used. Provide an example of each of these at Arnold Palmer Hospital.

Preview:

The key to JIT supply chain is having the appropriate inventory to meet the demands of the operation.  While excess inventory is seen as waste and unproductive use of capital, having too little can also be detrimental…