Just-In-Time Inventory Systems Are Designed to Reduce the Cost of Inventory

question 82

True/False

Just-in-time inventory systems are designed to reduce the cost of inventory storage and increase the amount of cash on hand.

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Definitions:

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Dependability

The quality of being trustworthy and reliable.

Good Job Performance

The successful execution of tasks and responsibilities assigned at work to a high standard.

Micromanager

A leader or manager who excessively controls or oversees workers or tasks, often to the detail, hindering autonomy.