In a JIT System, the Computer Inventory Data Is the Interface

question 17

True/False

In a JIT system, the computer inventory data is the interface and control point between customers and supply cycles.

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Definitions:

Barriers To Entry

Obstacles that make it difficult to enter a particular market, such as high start-up costs, access to technology, or strict regulations.

Dynamic Process

A process characterized by constant change, activity, or progress.

Dollar Votes

The concept in economics that consumers "vote" for products and services they desire through the expenditure of their money.

Homogeneous Product

A product that is identical in quality and specifications no matter its source, making it indistinguishable across producers.