It Is True That Just-In-Time (JIT) Processing

question 16

Multiple Choice

It is true that Just-in-time (JIT) processing:

• A) runs the risk of interruptions in supply.
• B) is only suitable for large businesses.
• C) reflects a 'push' approach to manufacturing.
• D) sounds good in theory but doesn't work in practice.

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Definitions:

Believable

Capable of being accepted as true or realistic; convincing or credible.

Hindsight Bias

The inclination to see events that have already occurred as being more predictable than they were before they took place.

Critical Thinking

Dedicated to an in-depth inspection and critique of a problem with the intent of deriving a verdict.

Overconfidence

Overconfidence is a cognitive bias in which a person's subjective confidence in their abilities or outcomes exceeds the objective accuracy of those assessments.