A Major Advantage of a Just-In-Time Inventory System Is That

question 231

True/False

A major advantage of a just-in-time inventory system is that it reduces costs and the effort for both the producer and its suppliers.

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Definitions:

Process Activities

The tasks, procedures, or operations carried out as part of a process to achieve a specific outcome or goal.

Inputs

Resources, information, or materials used in a process to produce goods or services, essential for the operational workflow.

Outputs

Outputs are the results or products generated by a system, process, or activity after processing input.

Efficiency

The ratio of the useful output of a system to its input, often used to measure the performance and productivity of a process or system.