The JIT Approach to Inventory Management

question 29

Multiple Choice

The JIT approach to inventory management

• A)allows greater flexibility as to when products can be manufactured.
• B)results in higher inventory levels but reduces ordering and setup costs.
• C)results in lower inventory carrying costs.
• D)none of these.

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Definitions:

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a national federation of labor unions in the United States.

Canadian Auto Workers Union

The Canadian Auto Workers Union (CAW) is a major trade union in Canada representing workers in the automotive industry, among others, advocating for fair wages, safer workplaces, and workers' rights.

Canadian Labour Congress (CLC)

A national trade union center, representing Canadian workers and their interests through collective bargaining and legislative advocacy.

Department of Labour

A government agency responsible for overseeing employment practices, working conditions, and labor relations.