JIT Systems Maintain Inventory in Small Lot Sizes Because Small

question 46

Multiple Choice

JIT systems maintain inventory in small lot sizes because small lot sizes

• A) increase the quality level of the product.
• B) increase pipeline inventory, allowing the organization to buffer against demand uncertainties.
• C) enable schedules to utilize machine capacities more efficiently.
• D) increase manufacturing lead time because of the increase in waiting time.

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Definitions:

Possible Future Scenarios

Hypothetical situations or outcomes that may occur in the future, used for planning and strategizing.

Expert Forecasting

The technique of making predictions about future events or trends based on the knowledge and expertise of specialists in a particular field.

Trend Projection Forecasting

A method of predicting future values by analyzing historical data and identifying patterns or trends over time.

Human Resource

The department in an organization that deals with hiring, training, managing, and retaining employees.