Advantages of Just-In Time Inventory Management Are All of the Following

question 8

Multiple Choice

Advantages of just-in time inventory management are all of the following, except:

• A) It decreases the space needed for inventory storage
• B) It makes the firm more independent of external suppliers
• C) It minimises inventory insurance costs
• D) It increases manufacturing flexibility

---

Definitions:

Executive Members

Individuals who are part of a group's leadership, responsible for making decisions and governing the organization.

Constitution

The system of fundamental principles according to which a nation, state, corporation, or the like, is governed.

Communication Structure

The organized pattern or framework that dictates how information is exchanged and processed within a group or system.

Voting Rules

The set of regulations that govern the process of voting in elections or decision-making entities.