JIT Responds to the Problems Traditionally Solved by Carrying Inventories

question 73

Multiple Choice

JIT responds to the problems traditionally solved by carrying inventories by

• A) ensuring that sufficient inventory is on hand to prevent stockouts.
• B) purchasing extra materials when price discounts are offered.
• C) negotiating long-term contracts with supplier to lock in low prices.
• D) selecting an inventory level that minimizes the total of ordering and carrying costs.
• E) choosing a wide number of suppliers to increase the chance of receiving quantity discounts.

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Definitions:

Inequity

The perceived unfairness or imbalance in the distribution or treatment in social exchanges, leading to dissatisfaction and tension.

Outcomes

The results or effects that are a consequence of specific actions, processes, or behaviors.

Thistle Tube

A laboratory equipment used primarily in filtration and gas collection, featuring a funnel-like top and a long, narrow stem.

Fontanels

Soft, membranous gaps between the cranial bones of an infant's skull that facilitate birth and brain growth.