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:

Short-Term Security

A financial instrument with a maturity date of one year or less, typically used for short-term financing needs.

Mortgage Markets

The financial markets where mortgages are originated, bought, and sold, including both primary and secondary markets.

Fannie Mae

A government-sponsored enterprise established to expand the flow of mortgage money by creating a secondary market for mortgage loans.

Money Market Instrument

Short-term financial instruments that are highly liquid and considered safe, such as treasury bills and certificates of deposit.