Just-In-Time (JIT)production Systems Normally Require Large Amounts of Safety Stock

question 108

True/False

Just-in-time (JIT)production systems normally require large amounts of safety stock to be maintained in a firm's warehouse.

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Definitions:

Labor Hired

The process of employing individuals to perform various tasks within a business or organization.

Inputs Employed

The resources, including labor, capital, and materials, used in the production of goods and services.

Additional Revenues

Income received that is above and beyond the standard or expected revenue streams.

Hiring Employee

The process of finding, selecting, and appointing suitable candidates for jobs within an organization.