Management Notes

Reference Notes for Management

Which one of the following statements is true regarding jit inventory?

Looking for the answer to the question below related to Management?

 

Which one of the following statements is true regarding jit inventory?

 Options:

A. It exists just in case something goes wrong.
B. It is the minimum inventory necessary to keep a perfect system running.
C. It hides variability.
D. It is minimized with large lot production.
E. It increases if setup costs decrease.

 

The Correct Answer Is:

  • B. It is the minimum inventory necessary to keep a perfect system running.

 

Conclusion

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