Lockbox arrangements may reduce mail float, processing float, and transit float

The value of JIT inventory systems is

A) saving on warehouse space and labor. B) ensuring financial resources are not tied up in inputs waiting to be used. C) identifying defects in input rather quickly. D) all of the above

To avoid the cost and uncertainty of moving information across national boundaries, most multinational firms

A) maintain a master database at their head offices. B) develop a master system that meets the standards of all the countries concerned. C) use microwave satellite transmission to move data. D) develop separate systems within each country. E) use a cloud-based service.