When operating with a just-in-time inventory system, suppliers deliver parts and materials right at the time that the buyer is going to use them in the production process
Indicate whether the statement is true or false
TRUE
Explanation: In a just-in-time inventory system, the amount of parts and materials is limited to just what is needed. Inventory arrives just as it is needed. Implementing a JIT system can greatly reduce expenses in storage costs. Some drawbacks to JIT include suppliers missing deadlines or delays in deliveries due to weather, traffic, or other uncontrollable factors.
You might also like to view...
The __________ used in systematic sampling is computed by dividing the population list size by the sample size.
a) skip interval b) representative data c) containing error d) master list
A group of investors wants to bring a minor league baseball team to a community of 100,000 to create hometown spirit and offer a new form of family entertainment
The group surveyed people in the community to see if they would attend the games, how frequently they would attend, and whether the location of the proposed baseball stadium was acceptable. This survey is an example of ________. A) data mining B) a secondary internal source C) longitudinal data D) a primary data source E) a secondary external source