Multiple Choice
Which one of the following statements is TRUE regarding JIT inventory?
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.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: In a JIT system, product inspection adds
Q3: Who is credited with coining the phrase,
Q4: Labor cost for setup is $500/hour. If
Q5: A common JIT layout tactic is to
Q6: Lead time for computers is 7 days
Q8: Excess bags of basic commodities such as
Q9: Employee empowerment is unnecessary in the Toyota
Q10: JIT brings about competitive advantage by faster
Q11: A repetitive manufacturing firm is planning on
Q12: Differentiate between a push and a pull