Justin Abercrombie Attends a Seminar on Just-In-Time Inventory Management

question 39

Multiple Choice

Justin Abercrombie attends a seminar on just-in-time inventory management.Excited about the idea,he returns to his office at Atlanta Auto Supply to start designing such an inventory system.Which of the following steps must Justin take as he institutes this change?

• A) Increase safety stock
• B) Raise the reorder point
• C) Reduce customer service standard
• D) Increase order frequency
• E) Reduce estimates of inventory turnover rate

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Definitions:

Culture Says Stop

Implies that cultural norms and values can act as barriers or limits on certain behaviors, practices, or beliefs.

Tradeoff

A scenario where one characteristic or facet of something is sacrificed to acquire another characteristic or facet.

Nature And Culture

The interplay between the genetically inherited characteristics of organisms and the influence of human society and tradition.

Interpersonal Self

An aspect of self-concept that arises in the context of social interactions, reflecting how one perceives oneself in relation to others.