Just in Time (JIT) Inventory Systems Aims to Do Which

question 74

Multiple Choice

Just in Time (JIT) inventory systems aims to do which of the following?

• A)To increase stockholding, thereby avoiding stockouts
• B)To reduce lead times and inventory levels
• C)To reduce the purchasing costs by buying in bulk
• D)To increase the quality of customer service by 100% accurate fulfilment

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Definitions:

Upper Class

In statistics, this often refers to the highest interval or category in a distribution; in sociology, it refers to the group of individuals at the top of a social hierarchy based on wealth, education, or power.

P(A|B)

The probability of event A occurring given that event B has occurred.

Multiple Vehicles

Refers to scenarios or systems where more than one vehicle (e.g., cars, bicycles, aircraft) are used or considered, often in logistics or transportation studies.

Involved Alcohol

Situations or cases in which alcohol plays a part or is a contributing factor.