A Major Advantage of a Just-In-Time Inventory System Is That

question 231

True/False

A major advantage of a just-in-time inventory system is that it reduces costs and the effort for both the producer and its suppliers.

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Definitions:

Culture And Climate Audit

An evaluation process aimed at understanding the values, beliefs, and attitudes that characterize an organization and its environment.

Data Collection

Data collection is the systematic approach to gathering and measuring information from varied sources to get a complete and accurate picture of an area of interest.

Compliance Training

Instruction designed to inform employees of the organization’s regulations, policies, and legal obligations.

Training Programs

Structured educational schemes designed to enhance the skills and knowledge of participants for personal development or occupational proficiency.