An Advantage of JIT Systems Is That They Leave a Buffer

question 108

True/False

An advantage of JIT systems is that they leave a buffer stock of inventory available to the organization.

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Definitions:

Planning Phase

The initial stage in a process or project where goals are defined, strategies are developed, and resources are allocated.

Situation (SWOT) Analysis

A strategic planning tool used to identify and understand Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Marketing Program

A comprehensive plan that integrates various marketing strategies and tools to achieve business targets and objectives.

Customer Value Proposition

The collection of benefits and values that a company promises to deliver to its customers to satisfy their needs.