In a Just-In-Time System,most of the Responsibility for Carrying Inventory

question 75

True/False

In a just-in-time system,most of the responsibility for carrying inventory falls on the purchasers.

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Definitions:

Supply Chain Relationships

The interactions and connections between various entities involved in the production and distribution of goods, from suppliers to customers.

Bullwhip Effect

The Bullwhip Effect describes the phenomenon where variability in consumer demand causes progressively larger fluctuations in demand experienced by upstream suppliers in a supply chain.

Efficient Frontier

In finance, a set of optimal portfolios that offer the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Responsiveness

The ability of an organization or system to quickly react to changes or needs within its environment or among its stakeholders.