What Type of Delivery Reduces Inventories to Absolute Minimum Levels

question 112

Multiple Choice

What type of delivery reduces inventories to absolute minimum levels and requires vendors to deliver the items as they are needed in the production process?

• A) in-real-time (IRT) delivery
• B) just-in-time (JIT) delivery
• C) on-time (OT) delivery
• D) next-time-in (NTI) delivery

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Definitions:

Operating Divisions

Different sectors or sections within a company that focus on specific operational tasks or business units.

Fixed Costs

Expenses that do not vary with changes in production level or sales volume, such as leasing costs.

Variable Costs

Expenses that directly fluctuate in relation to production or business operations volume.

Maintenance Hours

Maintenance hours tally the time spent on maintaining and repairing equipment, machinery, or systems, crucial for ensuring operational efficiency and longevity.