One of the Traditional Reasons for Holding Inventory Is to Avoid

question 65

Multiple Choice

One of the traditional reasons for holding inventory is to avoid shutdowns due to defective parts. The JIT solution is to

• A)reduce setup costs.
• B)reduce lead time.
• C)use total preventive maintenance.
• D)use total quality control.

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Definitions:

Production

The process of creating goods or services through the combination of labor, materials, and technology.

Households

Groups of people, usually living together in a dwelling, who share responsibilities like budgeting, living arrangements, and making decisions together.

Female-Headed Households

Homes in which a female is the primary or sole breadwinner and decision-maker.

Economic Pressure

Financial stress or strain affecting individuals, families, or societies, influencing their behaviors and decisions.