When a Firm Changes to a JIT Operating and Management

question 39

Multiple Choice

When a firm changes to a JIT operating and management philosophy,

• A) it attempts to increase the number of suppliers it has for each item it uses to ensure a reliable flow of materials into the production process.
• B) it seeks out the lowest-cost bidder for supplies in order to minimize costs.
• C) it works more closely with fewer suppliers.
• D) all of these are correct.

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Definitions:

Planning

The process of making decisions about goals and the steps necessary to achieve them, often considering resources and constraints.

Mark Zuckerberg

The co-founder and CEO of Facebook (now Meta), known for becoming one of the world's youngest billionaires through the success of the social media platform.

Facebook

Facebook is a social networking platform that allows users to connect with friends and family, share photos, videos, and links, join groups with shared interests, and participate in social and commercial activities online.

Good Plan

A strategy or outline of actions designed with clear objectives, achievable goals, and detailed steps for execution that leads to the desired outcome.