The Major Cost Saving Associated with JIT Systems Comes from

question 76

Multiple Choice

The major cost saving associated with JIT systems comes from

• A) early delivery of raw materials to production.
• B) decentralization of manufacturing.
• C) speeding up inventory turnover.
• D) reduced spending on CRM activities.

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Definitions:

Number of Hours

The total amount of time, counted in hours, spent or required for a particular activity or process.

Monthly Profit

The net amount of money gained by a business during a one-month period after all expenses have been paid.

Binding Constraint

A constraint in an optimization problem that directly limits the ability to achieve an optimal solution, where any relaxation of the constraint would improve the outcome.

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the overall project deadline.