One Inherent Risk to Using Just-In-Time Philosophy Is That Companies

question 71

True/False

One inherent risk to using just-in-time philosophy is that companies are at higher risk of inventory shortage during volatile times such as strikes, weather, etc. than the traditional philosophy.

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Definitions:

Bargaining and Negotiation

The process of discussing and reaching a mutually acceptable agreement between two parties who have differing preferences.

Nonprofit Administrators

Individuals who manage and lead nonprofit organizations, focusing on achieving mission-driven objectives rather than profit maximization.

Administrative Performance

Evaluation of how well administrative duties, processes, and responsibilities are being executed within an organization.

Frequent Communication

Involves regular exchange of information, ideas, or thoughts, crucial for the smooth operation and success of any team or organization.