JIT Is a Manufacturing Approach Focused on Present Demand Rather

question 47

True/False

JIT is a manufacturing approach focused on present demand rather than anticipated demand.

---

Definitions:

Gross Requirements

Gross requirements in inventory management are the total demand for a component or product before any adjustments for on-hand inventory or scheduled receipts.

Inventory On Hand

The total amount of stock, including raw materials, work-in-progress, and finished goods, available at any given time.

Scheduled Receipts

The planned arrival of materials, components, or products into a manufacturing plant or storage facility, as expected by the production schedule.

Process-Focus Facility

A production facility designed around the process to efficiently manage a variety of products in small batches, focusing on flexibility and the capability to handle a wide assortment of products or services.