Just-In-Time Inventory Systems

question 23

Multiple Choice

Just-in-time inventory systems

• A) are used when procurement is not organized.
• B) require large warehouses for storage.
• C) economize on inventory holding costs.
• D) maintain large buffer for inventory.

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Definitions:

Make-to-stock

A production strategy where items are manufactured for stock based on demand forecasts, rather than being custom made to order.

Fulfillment

The process of completing an order or obligation, especially in the context of preparing and delivering goods to customers.

Production

The process of creating, manufacturing, or enhancing products or services.

Ziosk

A brand of tabletop tablet that allows customers in restaurants to order food, play games, and pay their bill directly from their table without waiter assistance.