With the __________ Inventory Control System, Producers Hold Only the Amount

question 186

Multiple Choice

With the __________ inventory control system, producers hold only the amount of materials and parts that they need for a short period of time, sometimes just a few hours.

• A) ABC
• B) first-in, first-out
• C) just-in-time (JIT)
• D) maximum

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Definitions:

Dummy Source

A hypothetical or artificial origin point used in various analytical models to simplify problem-solving processes, commonly found in network flow problems and algorithm designs.

Demand Exceeds

A situation where the demand for a product or service surpasses the available supply.

Stepping Stone Method

A mathematical procedure used in transportation problems of linear programming to find the least cost solution by moving from one feasible solution to another.

Reallocates

The act of distributing resources, tasks, or responsibilities again or differently, often to improve efficiency or outcomes.