The Advantages of a Just-In-Time Inventory System Include All of the Following

question 57

Multiple Choice

The advantages of a just-in-time inventory system include all of the following except:

• A) reduction in storage and warehousing cost.
• B) cost associated with stock outs.
• C) reduction in working capital requirements.
• D) reduction in costs associated with recordkeeping.

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Definitions:

Metric Measurements

A system of measurement based on meters, liters, and grams, utilized globally except in a few countries.

Precision Measurement

The process of measuring objects with high accuracy and resolution to ensure they meet specified dimensions or standards.

Micrometers

Precision measuring instruments capable of taking very small measurements, often used in mechanical engineering and machining to ensure accuracy to the thousandth of a millimeter.

Dial Calipers

Precision measuring tools that use a calibrated dial to measure the distance between two opposite sides of an object, often used in mechanical engineering and metalworking.