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Which of the following is NOT a normative statement?
Material Use Schedule
Material use schedule outlines the timing and quantity of materials to be used in a production process, ensuring efficient resource management and planning.
Safety Stock
Inventory a company holds beyond its expected demand to protect against stockouts due to unpredictable variations in supply and demand.
Kanbans
Signaling systems used within manufacturing and inventory management to regulate the flow of products based on the demand and supply capacity.
JIT
Just-in-time refers to a strategy that aims to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
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