Which of the Following Typically Applies to Just-In-Time (J-I-T) Systems

question 22

Multiple Choice

Which of the following typically applies to Just-in-Time (J-I-T) systems?

• A) Inventory holding costs are carried by the supplier instead of the manufacturer.
• B) Increased inventory management costs are reflected in higher prices to the consumer.
• C) Cost of ordering inventory is carried by the supplier and inventory holding costs are carried by the manufacturer.
• D) Total inventory costs are carried by the supplier.
• E) Total inventory costs are divided among the logistics carrier, the supplier and the manufacturer.

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Definitions:

Measure

Measure refers to a method or standard for obtaining a quantity represented or an amount of a characteristic, often through the use of instruments or statistical techniques.

Label

A descriptor or name assigned to something for the purpose of identification or to give additional information.

Student ID

A unique identifier assigned to students to differentiate them from others, typically used for administrative and identification purposes.

Rate of Pizzas

The speed or frequency at which pizzas are produced or delivered over a specified period.