In Making Specific Changes to JIT Manufacturing, Which of the Following

question 119

Multiple Choice

In making specific changes to JIT manufacturing, which of the following steps should come first?

• A) reduce lot sizes and lead times
• B) switch to pull production
• C) reorganize workplace
• D) reduce setup times
• E) implement layout changes

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Definitions:

Pacific Halibut

A large species of flatfish found in the North Pacific Ocean, highly valued for commercial fishing and cuisine.

Present Value

The present value of a future amount of money or series of cash payments, calculated using a particular return rate.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at any given time.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.