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19 October, 20:53

2. Lori is a company that produces 1000 boxes per day recruiting 5 staff with overhead cost of 200 USD. Each worker's shift is 10 hours per day. Lori management decides to used JIT strategy to increase production to a total of 1200 boxes per day

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  1. 19 October, 22:05
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    JIT strategy stands for Just-in-time. The JIT strategy is used to increase efficiency and decrease waste by reducing inventory costs.

    The labor productivity before the JIT strategy was

    = output / labor hours = 1000 / (5*10) = 20 boxes per labor hour.

    The labor productivity after JIT strategy was applied is:

    = output / labor hours = 1200 / (5*10) = 24 boxes per labor hour.
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Home » Business » 2. Lori is a company that produces 1000 boxes per day recruiting 5 staff with overhead cost of 200 USD. Each worker's shift is 10 hours per day. Lori management decides to used JIT strategy to increase production to a total of 1200 boxes per day
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