Just-In-Time Approach to Inventory Is Least Vulnerable to Disruptions

question 20

True/False

Just-in-time approach to inventory is least vulnerable to disruptions

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Definitions:

Chase Strategy

A planning strategy used in production management where production rates are adjusted in response to changes in demand, aiming to match supply with demand as closely as possible.

Production Rate

The speed at which goods are manufactured within a specified time period.

Demand Rate

The rate at which goods or services are required or consumed by the market or a specific customer over a given time period.

Linear Programming

A mathematical method for determining a way to achieve the best outcome, such as maximum profit or lowest cost, in a given mathematical model for some list of requirements represented as linear relationships.