"Just-In-Time" Inventory Control Techniques Are Most Successful in What Type

question 77

Multiple Choice

"Just-in-time" inventory control techniques are most successful in what type of environment?

• A)Repetitive manufacturing operations where inventory levels are significant at the outset
• B)Where product requirements are customized for each customer
• C)Where a company changes suppliers regularly and those suppliers are independent of the manufacturer
• D)Where inventory levels have been reduced to safety stock levels

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Definitions:

Probability

A measure of the likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Deposition

A sworn, out-of-court testimony of a witness that is used for gathering information and evidence in legal proceedings.

Oath

A solemn promise, often invoking a divine witness, regarding one's future action or behavior.

CEO

Chief Executive Officer, the highest-ranking executive in a company, responsible for major corporate decisions.