The 'Just-In-Time' System of Inventory Control Can Be Best Explained

question 26

Multiple Choice

The 'just-in-time' system of inventory control can be best explained as the:

• A)coordination of production processes so that raw materials and components are delivered to the location where they are needed at precisely the times they are required.
• B)coordination of production processes so that raw materials and components are delivered to the location where they are needed.
• C)process of minimising total inventory costs.
• D)method in which the supplier effectively passes on the cost of inventory storage to the buyer.

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Definitions:

Incubation Effect

A phenomenon where stepping away from a problem temporarily can lead to a solution unexpectedly emerging into consciousness later.

Empirical Studies

Research conducted through direct observation or experience, aiming to validate hypotheses or understand phenomena.

Mental Breaks

Short periods of rest or distraction taken during intense periods of mental activity to improve focus and productivity.

Functional Fixedness

A mental bias that confines an individual to utilizing an item solely in its conventional manner.