The Objectives of Just-In-Time (JIT) Manufacturing Usually Include All of the Following

question 88

Multiple Choice

The objectives of just-in-time (JIT) manufacturing usually include all of the following except:

• A) large lot sizes
• B) zero defects
• C) zero setup times
• D) zero lead times

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Definitions:

Receipt Of Inventory

The process of acknowledging or taking in goods received, usually marking the physical arrival of stock in a business.

Collection Of Receivable

The process of managing and collecting payments owed to a company by its customers for products or services provided on credit.

Accounts Payable Period

The average number of days it takes for a business to pay its suppliers.

Receipt Of Inventory

The process of receiving goods or materials into stock, typically recorded at the time of delivery, impacting both inventory levels and accounts payable.