One of the Traditional Reasons for Holding Inventory Is to Avoid

question 3

Multiple Choice

One of the traditional reasons for holding inventory is to avoid a shutdown due to machine failure. 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:

Chinese Speakers

Individuals who are native or fluent in the Chinese language, including its dialects such as Mandarin and Cantonese.

Globalization

The process of increasing interdependence and connectivity of global economies, cultures, and populations, driven by trade, technology, and the flow of ideas and people.

Several Thousand Languages

Refers to the vast number of distinct languages currently spoken around the world.

Rationalization

The process of making actions or processes logical and efficient, often through the application of scientific methods.