What is the advantage of an electronic kanban system over the physical card system?
What will be an ideal response?
A form of JIT systems is kanban. It uses cards to generate inventory. Inputs are shipped to manufacturers in containers with a card in a side pocket. Upon receipt, the card is removed and returned to the supplier. An electronic kanban system uses a scanner to read in a code on a container. Rather than having this information on a physical card, the information is sent electronically to the upstream supplier and the problem of lost cards is eliminated.
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A characteristic of a retail strategy is its _____
a. focus on past operations and success b. attention to short-run success c. attention to personnel availability and training. d. systematic assessment of the environment to ascertain opportunities and constraints
The Balance Sheet, or Statement of Financial Position, is the listing of all assets and all claims against the assets of a company
Indicate whether the statement is true or false.