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One Force Driving the Move to JIT Inventory Management Is

question 79

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One force driving the move to JIT inventory management is competition among companies to provide excellent customer service.


Definitions:

Return On Investment

An indicator used to assess the gain or loss generated from an investment relative to its cost.

Delivery Cycle Time

The period from when a customer order is received to when the finished product is shipped.

Throughput Time

Throughput Time is the total time taken to produce a product, from the start of production to its completion.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the ratio of value-added time to total cycle time.

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