In Phase I of the Just-In-Time Project,Kristin Estimated That the Project

question 72

Multiple Choice

In Phase I of the Just-In-Time Project,Kristin estimated that the project would have a ____ percent discounted return on investment and payback in the second year after implementing the new training program.

• A) 10
• B) 27
• C) 37
• D) 45

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Definitions:

Safety Inventory

Additional stock kept on hand to protect against variability in demand or supply.

Warehouse Inventory

The list of goods and materials held in a warehouse that are available for sale or production needs.

Pipeline Inventory

Inventory that is in transit or in the process of being transported between the supplier and the buyer, often considered part of the overall inventory on order but not yet available for use or sale.

Safety Inventory

Additional stock kept to mitigate the risk of stockouts due to fluctuations in demand or supply lead times.