Since Its Objective Is to Minimize Inventory Investment, a Just-In-Time

question 160

True/False

Since its objective is to minimize inventory investment, a Just-in-Time (JIT) system uses no, or very little, safety stocks.

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Definitions:

Studies

Systematic efforts to acquire knowledge or understand phenomena, typically through observation, research, and analysis.

Frequently

Occurring or done on many occasions, in many cases, or in quick succession.

Intangible Resources

Non-physical assets that a company possesses, such as brand reputation, intellectual property, and human capital.

Organizational Behavior

The study of how people interact within groups and organizations, aiming to understand and improve behaviors at work.